developing country debt

When Risk and Expensive Credit Are Only for ‘Poor Countries’: The G7’s Global Credit Double Standard

08.01.26 Ángel Sanz Montes

The Risk Banquet: While rich countries enjoy secure credit, poor countries pay the highest interest and hand over their resources

When Barbados Prime Minister Mia Amor Mottley posed her question to the heart of the global financial order—why was quantitative easing anathema to the Global South until the G7 needed it?—she was not making a technical inquiry. She unleashed a…