Debt Crisis
11 Threads
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest...
"Confessions of an Economic Hit Man, 3rd Edition" describes three waves of economic hitmen—highly paid professionals that use debt and fear to control natural resources in developi...
The Pakistani economy is on the brink of collapse. Here are three reasons behind Pakistan’s economic crisis 3⃣ A thread 🧵
"The African heads of government left Washington with a promise from U.S. President Joe Biden... $55 billion in investments... Unfortunately, given the U.S. track record on the con...
1/ Egypt : Addicted to Aid? For a country that has borrowed more than $75 Billion from the IMF and neighbours in just in the last decade, it’s surprising Egypt decided that buildi...
In 2019 China was on it’s way to become the SUPER POWER Now its economy is collapsing, putting millions out of job Famous for debt-trapping poor countries, it’s now trapped in de...
Gather Around Children of Pak as I tell you how you and your future generation is being robbed by Big 3. A Thread on • Sovereign Debt Crisis - Defaults • Utter Incompetence of big...
1/5 The longer it takes for global creditors to recognize that much developing-country debt can never be serviced, the longer will it take for them to restructure debt with meaning...
Here are the most interesting books and articles that changed my mind in 2021:
Post-Evergrande: China's Waterfall of Pain China itself is one big Evergrande. One big debt crisis. For years massively over-levered shadow banks masqueraded as propcos, got drun...
#Sudan's one of the world's most #indebted countries (50-70 billion US$, depending on whose counting). It's agreed big economic reforms with the #IMF - cutting fuel subsidies and m...
