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cover of episode Time for a rethink on debt?

Time for a rethink on debt?

2025/6/20
logo of podcast World Business Report

World Business Report

AI Deep Dive AI Chapters Transcript
People
C
Caleb Johnston
F
Faisal Islam
G
German Gref
J
Joseph Stiglitz
L
Liz Jackson
L
Lynn Stewart
P
Peter Millard
R
Roger Holzer
R
Ruben Inakolopov
S
Scott Albin
S
Shanti Kelman
S
Sir and Janet Tawari
V
Vladimir Putin
Topics
Joseph Stiglitz: 我认为目前发展中国家正花费巨额资金偿还债务,这实际上阻碍了它们的发展。许多发展中国家实际上并没有违约,但它们在发展方面已经违约,因为它们无法进行必要的发展投资。在全球经济放缓时,资金会周期性地流出发展中国家,流入发达国家以寻求安全。最贫穷的国家承担了不成比例的风险,而国际金融机构的资金流入实际上是在为资金流出发展中国家提供融资。国际货币基金组织和世界银行的资金本应用于发展目的,但实际上却流入了私人债权人的口袋,这实际上是对私人债权人的救助。国际货币基金组织过去对长期负债的国家收取高额利息附加费,现在应停止这种做法。国际货币基金组织也应该停止顺周期行为,即在私人市场提高利率的同时也提高利率。国际货币基金组织长期以来认为各国不应限制资本流动的立场是错误的。金融市场更稳定意味着国家经济更稳定,这有利于真正致力于投资的人,我们应该区分好的资本和不好的资本。通过稳定经济,阻止不稳定的资本外流,实际上可以吸引更好的融资,从而真正促进经济的长期增长。 Faisal Islam: 我认为25年前的禧年运动促成了对最贫穷国家的大规模债务减免,并支撑了这些国家的强劲增长。近年来,债务大幅增加,全球利率上升,导致了一种慢性的债务危机,大量资金用于偿还债务,超过了医疗和教育支出。新的禧年运动旨在注销部分债务,并改变全球金融结构,包括处理这些债务的法律方式。他们试图阻止对冲基金购买这些债务,并为这些国家提供资金,以便在国际市场上以非常低的价格回购债务。世界已经发生了变化,美国和英国的援助大幅减少,可能需要其他方法来实现可持续发展目标等宏伟目标。许多国家,不仅仅是发展中国家,还有中等收入国家,都面临着财政困境,而富裕国家的注意力主要集中在军事开支上。美国正在取消可持续发展等说法,发展中国家和G7的建议正在倒退。

Deep Dive

Chapters
Economists, including Nobel laureate Joseph Stiglitz, are urging a fundamental shift in how global debt is managed, particularly for poorer nations. They've released a report backed by the Vatican calling for urgent changes to prevent a 'default on development'. The report criticizes the IMF and World Bank for bailing out private creditors instead of supporting developing countries' investments in crucial sectors like healthcare and education.
  • Report backed by the Vatican calls for urgent changes to the global financial system.
  • Developing countries are spending enormous amounts servicing debt, hindering development investments.
  • Critiques of multilateral institutions like the IMF and World Bank for bailing out private creditors.
  • Proposal for a new Jubilee campaign to write off some debts and change the global financial architecture.

Shownotes Transcript

Economists have been brought together by the Vatican to tackle a global debt crisis. So, is it time to rethink how we help poorer nations in need?

Vladimir Putin says Russia's economy is thriving... but as a country under sanctions and at war, how true can this be?

In the race for AI dominance, a company called Croq with a Q says its chips can outperform the biggest chip company in the world, Nvidia.

Also, retirees are swapping pricey care homes for a sun-soaked Thialand.

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