भारत के मामलों में बिल गेट्स का इतना दखल क्यों ?

About Knocking News (नॉकिंग न्यूज़)

• Economic slowdown and credit crunch are leading to a vicious cycle
• Governments have to raise taxes, change exchange rates, reduce government spending, after which credit breaks and political crisis increases
• Sri Lanka, Ethiopia, Pakistan, Cameroon are examples of this
• Small countries’ debts will have to be waived, as happened in 2006
• World Bank, IMF will have to come forward for this
• Impact on the debt market is a concern
Slide 7:
• Conclusion
• Capitalism has made countries more dependent on each other
• Cheaper debt is leading to a loss of freedom
• Data shows that many countries are on the brink of economic catastrophe
• Developing countries need a new deal on loans, and private banks and investors need to be convinced for loan waiver
• The impact on the debt market needs to be considered for a sustainable solution.

can you add some data from your side. specifically some example of countries suffering from debt trap
Sure, here are some additional examples of countries suffering from a debt trap:
• Greece: Greece has been struggling with high levels of debt since the 2008 financial crisis. In 2010, the country received a bailout from the International Monetary Fund (IMF) and the European Union (EU), but this came with conditions that required Greece to implement austerity measures. Despite these measures, Greece’s debt has continued to grow and the country has been in and out of recession. As of 2021, Greece’s debt-to-GDP ratio is around 200%, which is one of the highest in the world.
• Venezuela: Venezuela has been facing a severe economic crisis since 2014, which has been exacerbated by high levels of debt. The country has been in default on its external debt since 2017, and its economy has been shrinking rapidly.
• Puerto Rico: Puerto Rico is a territory of the United States that has been struggling with a debt crisis since 2015. The island’s debt levels became unsustainable, and it was unable to pay its creditors. In 2016, the U.S. Congress passed a law that created a federal oversight board to oversee Puerto Rico’s finances and negotiate with creditors. However, the island is still facing high levels of debt, and its economy has been struggling.
• Argentina: Argentina has a long history of economic instability, and it has defaulted on its external debt several times. The country’s debt crisis reached a new peak in 2019, when it was unable to pay its creditors. Argentina subsequently renegotiated its debt with creditors, but its economy is still struggling, with high levels of inflation and a large fiscal deficit.
• Turkey: Turkey has been facing a debt crisis since 2018, when its currency, the lira, began to weaken rapidly. The country has a large current account deficit, and its economy has been hit hard by the COVID-19 pandemic. Turkey’s external debt is around $450 billion, which is one of the highest in the world.
• Sri Lanka: Sri Lanka is one of the countries that has been struggling with debt for years. Its external debt-to-GDP ratio has risen from around 36% in 2010 to over 60% in recent years. In 2019, Sri Lanka had to turn to China for a $1.5 billion loan to help cover its foreign debt payments. However, Sri Lanka is facing difficulties in repaying this loan and has already requested a debt restructuring from China.
• Nepal: Nepal is also a country that has been facing debt issues in recent years. Its external
About Knocking News (नॉकिंग न्यूज़)
शिक्षा , इतिहास , अर्थशास्त्र, राजनीति और अन्य समसामयिक विषयों पर पत्रकार गिरिजेश वशिष्ठ के विश्लेषण इस चनल पर लगातार मिलता है. आजाद, खुली और स्वस्थ पत्रकारिता को अपने अनुभव से लेकर आते हैं.
ये चैनल पत्रकार गिरिजेश वशिष्ठ के विश्लेषणों का चैनल है. गिरिजेश वशिष्ठ वरिष्ठ पत्रकार हैं. वो इन्डिया टुडे ग्रुप, दिल्ली आजतक, ज़ी, दैनिक भास्कर, दैनिक जागरण, सहारा समय समेत अनेक महत्वपूर्ण समाचार संस्थानों में संपादक के स्तर पर जिम्मेदारियां संभाल चुके हैं और पिछले 34 साल से लगातार सक्रिय हैं.
This is a analysis channel of Girijesh Vashistha. Girijesh Vashistha is a senior journalist; he has worked with India Today group, Zee Network, Dainik Bhaskar, Dainik Jagran and sahara samay like Prominent News organizations for 34 years at Editor Level

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