https://www.scmp.com/rss/514684/feed Ishac Diwan is research director at the Finance for Development Lab, located at the Paris School of Economics where he also teaches economics. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com This year may prove devastating for the developing world, as more countries find themselves engulfed in debt crises. Several are already in default, and scores of others urgently need debt relief to ward off economic collapse and sharp rises in poverty. The prevailing response to debt crises is to negotiate complex packages involving the debtor country, international financial institutions (IFIs), and other external creditors. Domestic bondholders, labour unions and others play a part too. The... https://www.scmp.com/comment/opinion/article/3206496/global-debt-crisis-widens-relief-must-be-restructured-unlock-growth?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3206496/global-debt-crisis-widens-relief-must-be-restructured-unlock-growth?utm_source=rss_feed Thu, 12 Jan 2023 17:30:10 +0000