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Their amounts have exploded with the health crisis, economic recovery plans and the war in Ukraine: the public debts contracted by States around the world are coming back to the fore and worrying governments. How to reduce this historic bill when inflation, rising interest rates and the threat of recession are the urgencies of the moment.
A situation which also revives several fundamental debates: should we remain clinging to budgetary rules when defense expenditure continues to grow? Can the debt burden justify austerity policies? What are the links between sovereign debt and monetary developments, when the rise of the dollar endangers the budgets of countries using the Euro or France CFA?
Has the nature of the debt changed, when we know that private creditors and obligatory investors are more and more numerous on this lucrative market? Are there good and bad debts? Should large multinational companies, particularly energy companies, be taxed to compensate for the imbalances between rich countries and developing countries? Should African countries renegotiate contracts with their former colonizers and with newer creditors like China? To answer these many questions, two leading specialists are the guests of Éco d’ici, Éco d’ailleurs.
OUR GUESTS :
– Léonce I meet, Burundian economist, Emeritus Professor of Economics at the University of Massachusetts (United States), member of the Independent Commission for the Reform of International Corporate Taxation (ICRICT), alongside Nobel laureate in economics Joseph E. Stiglitz, Indian economist Jayati Ghosh and Frenchman Thomas Piketty. Author of ” Africa’s odious debt: How indebtedness and capital flight bled a continent » et « On the Trail of Capital Flight from Africa » (2022)
– Anne Laure Kiechel, founding president of the Consulting firm Global Sovereign Advisory, expert in debt issues, debt restructuring and financing. Member of the Committee for Development Policy (UN).