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As She Rises brings together local poets and activists from throughout North America to depict the effects of climate change on their home and their people. Each episode carries the listener to a new place through a collection of voices, local recordings and soundscapes. Stories span from the Louisiana Bayou, to the tundras of Alaska to the drying bed of the Colorado River. Centering the voices of native women and women of color, As She Rises personalizes the elusive magnitude of climate cha ...
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Needed: New Thinking about Africa’s Debt Burden
Manage episode 358734951 series 1211700
Tekijältä Tällberg Foundation. Player FM:n ja yhteisömme löytämä — tekijänoikeuksien omistajana on kustantaja eikä Player FM ja ääntä lähetetään suoraan heidän palvelimiltaan. Napsauta Tilaa -painiketta, kun haluat seurata Player FM:n päivityksiä tai liittää syötteen URL-osoitteen muihin podcast-sovelluksiin.
Bright Simons advocates for a new approach, arguing against debt cancellation as the solution for Africa's current financial challenges.
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Africa might finally be on the verge of realizing its enormous potential. A booming, young, optimistic population. Vast reserves of the metals needed to power the clean energy transition worldwide. Widespread popular demands to end corruption. A growing middle class. Taken together, these assets could produce the prosperity and peace Africans deserve.
What stands in the way?
One of the most important blockages is too much debt, compounded by too much history of mismanaging past borrowings. Of the 54 countries identified by the United Nations as having severe debt problems, 24 are located in Sub-Saharan Africa today. Many are heading towards default, restructuring or cancellation. Unfortunately, growth and development are likely to suffer as a result.
Bright Simons, a researcher and policy activist in Ghana, thinks it's time to do something different. **He recently published an article in The Financial Times arguing that debt cancellation is not the solution Africa needs now. **Some critics responded that cancellation is as urgent today as it was 20 years ago. But, is rinse and repeat any more likely to work this time?
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