Urgent debt relief needed as Pakistan faces perfect debt trap
#Covid-19 #Pakistan #Debt #CSOs #Debt #Jubilee
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By Abdul Khaliq, executive director of ISEJ Pakistan, a member of the CADTM Network.
The indicators of a severe debt crisis were already present in Pakistan long before the Covid-19 crisis hit. Coordinated efforts by CSOs all round the world are needed to ensure that countries like Pakistan are not left alone dealing with its impact.
On 24 August, Jubilee Debt Campaign launched a new debt data portal – an online resource bringing together an analysis of debt risks and key debt statistics by country. To get a true sense of what is happening with global debt, you can explore the six categories on the map here.
The international financial system’s reliance upon credit ratings – usually based on dubious premises – needs urgent rethinking, according to a guest analysis piece first published on the Bretton Woods Project.
Eurodad are delighted to welcome Joe Inwood, our new Admin & Communications Intern. Joe is joining us from Maastricht University, where he recently completed a Master's degree in European Studies. Previously he studied History at the University of Oxford, where he also spent a year campaigning and working as President of Oxford University Student Union. He is looking forward to supporting the work of the communications and operations teams and getting to know the wider Eurodad network.
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