Global debt hits record of nearly $338 trillion, a figure that’s enough to make anyone’s head spin. It’s a staggering amount, and the sheer size of it naturally prompts a lot of questions. Like, to *whom* exactly is all this money owed? And how does such a massive sum even come about? The reality is, it’s a complex system, a web of loans and obligations that connects countries, corporations, and individuals across the globe. Some people see it as a made-up system, a game we’re all playing. And in a way, they’re right – money itself is a construct, a tool we’ve created to facilitate commerce and trade.… Continue reading
A Lowy Institute report reveals that 75 of the world’s poorest countries face a substantial increase in debt repayments to China, totaling $22 billion in 2025, a significant portion of the overall $35 billion owed. This surge in debt, largely stemming from China’s Belt and Road Initiative, strains already limited funds for essential services like healthcare and education, coinciding with a decrease in Western aid. The report suggests this debt could be used for political leverage, particularly as China’s lending has decreased despite increased global economic pressure. While China denies creating “debt traps,” the situation creates a dilemma for Beijing, balancing diplomatic pressure for debt restructuring with domestic economic concerns.
Read More