In 2023, global debt hit a new record high at more than 307 trillion dollars. That led UN Secretary General Antonio Gutteres to warn that more than 3.3 billion people - almost half the world’s population - are now living in a country where money spent on debt repayments outstrip that spent on health and education.
So what can be done to solve the world’s debt issues? On this edition of The Agenda, Juliet Mann speaks to Situmbeko Musokotwane - Minister of Finance of Zambia, Vitor Gaspar, Director of the Fiscal Affairs Department at the IMF and Michael Pettis, Professor of Finance at Peking University’s Guanghua School of Management