With turmoil in Chinese stock markets, plummeting global commodity prices, falling exchange rates, and US interest rates expected to go up, a new economic shock is looking increasingly likely.
What could this mean for debt levels in the global South?
Note: This map shows projections for the countries where the IMF and World Bank have conducted Debt Sustainability Assessments in the last two years. Outrageously, the governments which run the IMF and World Bank (high income countries) do not think most middle and high income countries need full Debt Sustainability Assessments. We think such debt assessments should be conducted for all countries, as people anywhere can suffer from a private or public debt crisis. But debt assessments should be conducted by an independent institution, such as the UN, rather than creditors like the IMF and World Bank.
This infographic has been produced with the assistance of the European Union. It is the sole responsibility of Jubilee Debt Campaign and can in no way be taken to reflect the views of the European Union.