CDC has made a long journey from supporting rural development in British colonial territories to pursuing high returns, often channelled through tax havens. The author argues that CDC has lost sight of wider development goals and needs to reset its ethical and investment standards.
Excessive national debt in low-income countries, sometimes incurred by dubious means and parties, is a major hindrance to development and a burden to creditor country citizens. An international mechanism is needed to offer countries a way to negotiate balanced resolutions with their creditors.
