The next global crisis? Deepening debt in the developing world
The threat posed by climate change. Global policymakers have enough to keep them occupied without a developing country debt crisis adding to their list of problems. Both the World Bank and the International Monetary Fund used their annual meetings to stress the pressure poorer countries were under and the need for urgent, collective action. They are right to be worried because debt is at record levels, defences against a crisis are inadequate and
