Latin America and the Caribbean are facing a serious debt crisis

Economy, Policies

Latin America and the Caribbean are facing a serious debt crisis

In the previous three parts we have observed the evolution of the DCs’ external debt over the last twenty years. The first part shows a dramatic increase of indebtedness, which multiplied by 2.5 with a steep acceleration from 2008 onward. The second part highlights the main threats on the DCs’ external debt, among which the growing significance of bonds, the evolution of interest rates and the depreciation of their currencies against the U.S. dollar. The third part examines the various factors that lure DCs into the debt trap: dependence on commodities, drop in foreign exchange reserves, inflating repayments, conjuncture of a multi-dimensional crisis aggravated by the COVID-19 pandemic, etc.

We deepen our analysis by focusing on various regions, starting with Latin America and the Caribbean.

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There is a migrant crisis, but where and why?

Threats, Transnational Crime

There is a migrant crisis, but where and why?

Much ink and hot air has been expended over the past several weeks about whether or not there is a “crisis” on the U.S.-Mexico border, caused by a big spike in the number of migrants and asylum-seekers arriving there since the change in U.S. administrations.

The tone of the Republican versus Democrat argument often takes on a semantic character.  In the opinion of this writer, there is indeed a major crisis, but it is not new; rather it is rooted in the way U.S. imperialism has interacted with the nations and peoples of Central America and the Caribbean for well over a century.

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