1min snip

GZERO World with Ian Bremmer cover image

Fix the global debt crisis before it's too late, warns World Bank's David Malpass

GZERO World with Ian Bremmer

NOTE

Debt Cycles Create Global Fragility

Global debt is escalating while economic growth is sluggish, leading to significant challenges for both developing and advanced economies. A substantial portion of the world’s poorest populations is facing debt distress or is at severe risk of it. Historical cycles of debt reveal a pattern where past debt relief has been replaced by new debts owed to emerging creditors such as China and private sector Euro bond holders. With rising interest rates and declining global resources, countries find themselves trapped in a precarious situation, exacerbating systemic fragility that global mechanisms struggle to address.

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