[GLOBAL SOUTH] Update on China's Role in the Burgeoning Global South Debt Crisis
The China in Africa Podcast
00:00
The Challenges to the Multilateral System
In the 60s of countries facing debt distress, once that kind of... If they don't get helped in time, what are the first signs of systemic breakdown that we should be looking at? Well, we're watching it now. We have a multitude of creditors out there with different strategies. That's not a multilateral system. That is a fragmented system which puts the developing countries even at more of a disadvantage. And like I said, there's three flaws in the Common Framework. The second one is that all these creditors are pointing fingers at each other and it's hard to negotiate. In the 1990s, it was really just the Paris Club, the multilateral development banks, and
Transcript
Play full episode
