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43 sats \ 1 reply \ @south_korea_ln OP 22 Jul 2024 \ parent \ on: Developing countries face worst debt crisis in history, study shows econ

Add to that an inflating local currency, and you suffer even more if you hold foreign debt (dollar, yuan, etc).

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76 sats \ 0 replies \ @Bell_curve 22 Jul 2024

The two are related.

They have to borrow from other countries and IMF because no one will buy their bonds

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