Description
We've teamed up with @newinternationalist to bring you this explainer on why many Global South countries are facing the most severe debt crisis in a generation. This isn’t just about bad loans – it’s about a global financial system that keeps countries dependent on the dollar. Until that changes, the cycle of debt and austerity will keep repeating.
For more information, check out NI’s recent issue on Debt Justice, which looks at how debt connects us across borders and how debtors can build collective power.
Sources:
New Internationalist magazine, May/June 2024
New Internationalist, July/August 2025
Tim Kruger, New Internationalist, June 2024
Beyond Dollar Dominance, Positive Money, December 2024
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