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Meaningful Debt Relief Probably Isn’t Going to Happen. We Should All be Worried.

The Financial Times newspaper deserves a lot of credit for calling out the world’s wealthiest governments for their glaring hypocrisy on the issue of African debt relief. While treasuries in the U.S., Europe, Japan, and China come up with new creative solutions to insulate their populations from the effects of the economic downturn brought on by the COVID-19 outbreak, they have all but abandoned the world’s poorest countries.

Forget about any moral obligation here, we’re well past that. Debt relief isn’t about doing the “right thing,” instead, these wealthy countries should see that it’s in their own national interests to help stabilize countries in the Global South that are now teetering on the edge of a dangerous precipice.

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What is The China-Global South Project?


The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


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