Jerome Phelps is the head of policy and advocacy at Debt Justice.
With rich Amazon forests and fewer than a million people, Suriname is one of the few countries that absorbs more carbon than it produces. But the former Dutch colony is now being forced to implement destructive austerity by global financial interests.
G20 leaders have announced a deal with Zambia as a new debt crisis looms in the Global South. The deal will be another bonanza for finance capital at the expense of the world’s poorest people unless private lenders are forced to take a loss.