How The West Can Stop The Global South Being Strangled By Debt Heather Stewart

Labour would do well to remember its manifesto promise to revive Britains global leadership on development With borrowing costs rising and western governments including the UK cutting their aid budgets, unsustainable debts are driving a development crisis across the global south. In the latest evidence, Ethiopia last week faced the threat of being sued by its creditors in the English courts, after long-running negotiations about restructuring 1bn 740m of its debt collapsed.