How the west can stop the global south being strangled by debt | Heather Stewart

The GuardianSunday, October 19, 2025 at 12:16:34 PM
How the west can stop the global south being strangled by debt | Heather Stewart
The article highlights the urgent debt crisis facing countries in the global south, particularly Ethiopia, which is on the brink of legal action from creditors after failed negotiations to restructure its $1 billion debt. With rising borrowing costs and cuts to aid budgets from western governments like the UK, the situation is becoming increasingly dire. This matters because it underscores the need for renewed commitment from developed nations to support sustainable development and prevent further economic turmoil in vulnerable regions.
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