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Why the Global South needs a ‘Borrower’s Club’ | Debt

8 August 2025
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Why the Global South needs a ‘Borrower’s Club’ | Debt
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The Trump administration’s withdrawal from the UN Financing for Development conference exemplifies the ongoing struggle between wealthy creditor nations and lower-income debtor countries, highlighted by record debt servicing costs for the Global South. To secure necessary resources, debtor nations may need to form a Borrower’s Club, enabling collective negotiation power and a more equitable debt restructuring framework, as past initiatives have proven inadequate.

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