The International Monetary Fund and World Bank Spring Meetings last week left at least one major question unanswered: Will global efforts go far enough to relieve unsustainable debt burdens?
While many of the efforts to date have helped, they have largely targeted a liquidity shortfall rather than increasingly unsustainable debt levels, experts said.
“There was a whole range of missed opportunities at the G-20 meeting,” said Nadia Daar, the head of Oxfam International’s Washington office. “They really failed to take any further ambitious action.”