We've teamed up with New Internationalist to bring you this explainer on why many Global South countries are facing the most severe debt crisis in a generation. This isn’t just about bad loans – it’s about a global financial system that keeps countries dependent on the dollar. Until that changes, the cycle of debt and austerity will keep repeating. For more information, check out NI’s recent issue on Debt Justice, which looks at how debt connects us across borders and how debtors can build colle
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