• The vicious cycle of debt in the Global South

    This article is published following the World Bank publication regarding rising debt in the Global South.  A debt crisis threatens heavily indebted poor  countries such as Sudan, Afghanistan and Haiti,  already weakened by rising poverty, slower economic recovery than in industrialized economies and a shortage of vaccines, which makes them vulnerable to the spread of Covid-19. The pandemic and the war in Ukraine have increased their budget deficits. More than half of poor states are now over-indebted or at risk of being over-indebted, up from 30 percent in 2015.  In this context, it is interesting to come back to the…