my @jacobinmag on what slow progress in debt suspension talks this week tell us about G20's Grand SDG Bargain w private finance: it cements unequal power relationship, which poor countries cant challenge & private creditors have few qualms in exploiting.
jacobinmag.com/2020/10/g20-wo…
jacobinmag.com/2020/10/g20-wo…
it unpacks the political economy of the DSSI - the debt service suspension initiative - that was negotiated this week at the WB/IMF Annual Meetings, with disappointing results
https://twitter.com/devex/status/1316801012036845568?s=20
and connects it to various interventions this week from poor countries at high risk of debt distress
https://twitter.com/DanielaGabor/status/1315557163939573761?s=20
cc @Frauke77487323 @te_tteh @crystalsimeoni @wangkinoti @ChristinaLaska1 @NanCAlexander @KevinPGallagher @Kentikelenis @nssylla @FadhelKaboub @ingridharvold @anninak82 @mvanderstichele @AGelpern
indeed, quite infuriating, and not even bothering to pretend that the US Treasury cares about involving private creditors in debt relief, as European Ministries of Finance typically do
https://twitter.com/JustinSandefur/status/1317096821756485633?s=20
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