Addendae cont'd
Global South Countries Need New Legal Framework for Debt Relief
At forums like the IMF & G20 wealthy nations’ interests dominate the conversation
https://jacobin.com/2023/07/global-south-debt-relief-imf-g20-paris-summit
* lack of progress on relief for the nearly 60% of low-income economies est. nearing debt distress levels
* w/o debt restructuring, new investments in climate mitigation in places most at risk remain an impossibility
#debt #ClimateCrisis #IMF #WorldBank #PovertyIndustrialComplex #capitalism #NeoColonialism