How the west can stop the global south being strangled by debt | Heather Stewart

<p>Labour would do well to remember its manifesto promise to revive Britain’s global leadership on development</p><p>With borrowing costs rising and western governments including the UK cutting their aid budgets, unsustainable debts are driving a development crisis across the global south.</p><p>In the latest evidence, Ethiopia last week faced the threat of being sued by its creditors in the English courts, after long-running negotiations about restructuring $1bn (£740m) of its debt collapsed.</p> <a href="https://www.theguardian.com/world/2025/oct/19/west-act-stop-global-south-strangled-by-debt">Continue reading...</a>