The Global Financial Architecture and the International Debt Crisis: An urgent call for reform C. P. Chandrasekhar and Charles A. Abugre

Despite the far-reaching implications of debt distress and debt defaults in low- and middle-income countries, efforts at resolution are plagued by delay and ineffective when undertaken. This is largely because the solutions, influenced by unreformed international financial institutions and creditor interests, don’t address core structural issues that result in periodic crises. The need for reform is urgent and the role of civil society organisations in driving that reform crucial.

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(This article was originally published on the website of Brettonwoods Project on April 19, 2023)