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The 1MDB Scandal And The Nature of Debt
Manage episode 225471456 series 1504378
At the heart of government debt is a promise to pay back creditors. But governments sometimes don't do this - either by defaulting on their bonds or restructuring their debt. How are these decisions made? And what happens to borrowings that governments say should never have been done at all?
See omnystudio.com/listener for privacy information.
850 episodes
Manage episode 225471456 series 1504378
At the heart of government debt is a promise to pay back creditors. But governments sometimes don't do this - either by defaulting on their bonds or restructuring their debt. How are these decisions made? And what happens to borrowings that governments say should never have been done at all?
See omnystudio.com/listener for privacy information.
850 episodes
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