South Asia's Looming Debt Crisis: An Analysis of the World Bank's International Debt Report 2024

This episode delves into the escalating debt crisis in South Asia, as outlined in the World Bank's International Debt Report 2024. We discuss the rising external liabilities, record interest payments, and the social distress in the region. We also examine the specific situations in Pakistan and Sri Lanka, and the role of India as a regional stabilizer. Finally, we explore the implications of this debt distress on human hardship and the urgent call for fiscal reforms. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices