ACFM Microdose: Making Sense of Sovereign Debt w/ Heidi Chow

Heidi Chow, the executive director of Debt Justice, dives into the complex world of sovereign debt, particularly affecting the Global South. She discusses how historical colonial legacies contribute to ongoing debt crises and sheds light on the detrimental role of international rating agencies. The conversation moves to the impact of the climate crisis on national borrowing, highlighting how high debt repayments hinder crucial climate action. Chow also advocates for systemic reforms and new frameworks to support debt-stricken nations, urging for immediate action against predatory lending practices.