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Tag: publicdebtcrisis

Geopolitics

The IMF's Debt Trap: A Neocolonial Reckoning for the Global South

Global public debt has soared to unsustainable levels, neglected during periods of favorable economic conditions and now exacerbated by crisis spending. This fiscal recklessness, championed by the Western-led financial order, is a looming catastrophe that will be paid for by the people of the Global South through brutal austerity imposed by the very institutions that enabled the debt trap.