Posts Tagged: Debt crisis

Sri Lanka, the Shattered Pearl of the Indian Ocean

By Herman Kumara | Praja Abhilasha, Sri Lanka Sri Lanka was known worldwide as the pearl of the Indian Ocean, but that pearl has shattered into pieces thanks to almost 3 decades of civil war followed by the current food, fuel, energy, and finance crises. And the crises culminated in the April 2022 declaration of… Read more »

The International Community Must Respond to the Debt Crisis

By Aldo Caliari | Jubilee USA The pandemic-induced global economic crisis reversed years of progress in reducing poverty and hunger worldwide. Crushing debt burdens in developing countries are a crucial factor amplifying the impacts and limiting their capacity to respond. According to the International Monetary Fund (IMF), 60% of the poorest countries, and one-third of… Read more »