Bangladesh, Aug. 3 -- The Jubilee Report, commissioned by the Vatican and supported by a cadre of global economic experts, presents a stark and damning indictment of the current debt crisis afflicting the Global South-especially Africa. It articulates well-known culprits: volatile capital flows, creditor-biased legal frameworks in Western jurisdictions, ineffective debt sustainability assessments, and global financial institutions that entrench rather than alleviate structural inequities. Yet, for all its moral gravitas and diagnostic accuracy, the reports most pressing flaw lies not in what it observes, but in what it recommends-a renewed call for international consensus and cooperation in a geopolitical environment utterly hostile to su...
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