Debt Bomb
46:59 Min
When Sri Lanka defaulted on its foreign debt for the first time in its history in 2022, it sparked fears of more sovereign defaults to come.
We look at the human cost when a country goes bankrupt, and investigate the so-called debt traps.
Debt Bomb
Debt Bomb - The Real Debt Trap
23 Oct 2023 10:00pm
When Sri Lanka defaulted on its foreign debt for the first time in its history in 2022, it sparked fears of more sovereign defaults to come.
We look at the human cost when a country goes bankrupt, and investigate the so-called debt traps.
Debt Bomb
About the show:
According to the International Monetary Fund, debt is at the highest level in decades. With high interest rates and a global economic slowdown, 60 percent of low-income countries are either already in debt distress or at high risk of debt distress. Will we see a global financial contagion and a deluge of defaults?
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