ニューヨーク・タイムズさんのインスタグラム写真 - (ニューヨーク・タイムズInstagram)「Suriname, like other low- and middle-income countries, confronted untenable debts after borrowing that was encouraged by years of low interest rates. Today, the inflation rate is nearly 60 percent.  Three years of unmitigated catastrophe has destroyed spending power in this South American country — the result of global crises landing atop decades of profligate governance. Food and fuel prices have soared, worsened by Russia’s war on Ukraine. The national currency plunged, and the economy cratered just as the pandemic spread death and fear. As scores of middle- and lower-income countries grapple with an intensifying debt crisis, assistance is often held up by conflict between traditionally dominant Western institutions and a significant rising player: China.  In decades past, the International Monetary Fund was the only source of cash for nations that struggled to pay their bills. China has since emerged as a major lender for countries from Asia to Africa to Latin America. But as strapped governments negotiate with creditors to diminish their debt burdens, the I.M.F. and the Biden administration have balked at providing relief until Chinese financial institutions participate. Otherwise, they assert, Chinese lenders are free-riding on debt forgiveness extended by others.  Tap the link in our bio to read about how Suriname and other countries are impacted by U.S.-China relations. Photos by @adriana.loureiro」7月5日 22時23分 - nytimes

ニューヨーク・タイムズのインスタグラム(nytimes) - 7月5日 22時23分


Suriname, like other low- and middle-income countries, confronted untenable debts after borrowing that was encouraged by years of low interest rates. Today, the inflation rate is nearly 60 percent.

Three years of unmitigated catastrophe has destroyed spending power in this South American country — the result of global crises landing atop decades of profligate governance. Food and fuel prices have soared, worsened by Russia’s war on Ukraine. The national currency plunged, and the economy cratered just as the pandemic spread death and fear. As scores of middle- and lower-income countries grapple with an intensifying debt crisis, assistance is often held up by conflict between traditionally dominant Western institutions and a significant rising player: China.

In decades past, the International Monetary Fund was the only source of cash for nations that struggled to pay their bills. China has since emerged as a major lender for countries from Asia to Africa to Latin America. But as strapped governments negotiate with creditors to diminish their debt burdens, the I.M.F. and the Biden administration have balked at providing relief until Chinese financial institutions participate. Otherwise, they assert, Chinese lenders are free-riding on debt forgiveness extended by others.

Tap the link in our bio to read about how Suriname and other countries are impacted by U.S.-China relations. Photos by @adriana.loureiro


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