The World Bank has stepped up its call for a comprehensive programme of debt relief after revealing that the amount owed by the poorest countries was at record levels even before the onset of the Covid-19 crisis.
I can’t help but think with the economic impact of covid and brexit Uk will be going Sometime soon to the world bank cap in hand for a bail out. We are already sitting on 2trn debt before the second wave of covid hit, I have private Frazier on loop going “we are doomed”
well, there is always convertible bonds ...... indeed, taking a stake in future income/ earnings over these period of uncertainty makes more sense than default finger pointing and stigma and threat of isolation / ratings downgrade
Debt relief has to be tied to govts' put the money in spending on health and education. These are the 2 sectors where increased public spending benefits poor people and women the msot.
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