Chapter
Sri Lanka's Debt Trap and the World Bank
14:32 - 19:42 (05:10)
This podcast discusses the impact of Sri Lanka's massive loans from the World Bank and IMF, which are imposing ESG requirements, and how this is leading to food riots, energy insecurity, inflation, and sovereign defaults in other developing countries like Ghana and Pakistan.
Clips
Sri Lanka imposed a strict COVID-19 lockdown despite low infection and death rates while trying to balance environmentalist policies with a growing economy.
14:32 - 16:08 (01:36)
Summary
Sri Lanka imposed a strict COVID-19 lockdown despite low infection and death rates while trying to balance environmentalist policies with a growing economy. The country's reliance on loans from organizations that impose ESG requirements has caused economic struggles and food insecurity.
ChapterSri Lanka's Debt Trap and the World Bank
EpisodeE87: Emerging markets, Sri Lanka, 9.1% CPI, market sentiment, NASA's Webb telescope & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Developing countries such as Sri Lanka, Ghana, and Pakistan, which were already struggling with debt relief and inflation had a challenging time during the pandemic.
16:08 - 19:42 (03:33)
Summary
Developing countries such as Sri Lanka, Ghana, and Pakistan, which were already struggling with debt relief and inflation had a challenging time during the pandemic. As a result, food riots, energy insecurity, and sovereign defaults are emerging globally.