Advanced economies are focused on current crises (Ukraine, China relations, intractable debt) rather than systemic macro rethinking, making it difficult for global leaders to prioritize long-term capital-flow restructuring despite knowing it is necessary.
factualpending
Speaker
David MalpasEvidence Quote
“it's very hard because the they are confronted over and over with a new crisis so the the attention goes to the current crisis whether it's Ukraine or whether it's relationships with China”
Source
Fix the global debt crisis before it's too late, warns World Bank's David Malpass— GZERO MediaCreated: 8/12/2026, 6:44:21 PM
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