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The Tuna Bonds Scandal and the fishy business of hidden debt

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Back in 2016, the economy of Mozambique tipped into crisis. The culprit was a government corruption scandal linked to more than $1 billion that officials borrowed in secret.
This was a high-profile example of hidden debt, but it's far from the only example. In fact, this kind of secret borrowing is a large and common problem among countries.
Today on the show, a pair of economists share their new research on hidden debt and how it affects everyday people.
Related Episodes:
Why a debt tsunami is coming for the global economy
What looks like a bond and acts like a bond but isn't a bond?
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by
Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
  continue reading

1720 episode

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iconBagikan
 
Manage episode 454754462 series 2504996
Konten disediakan oleh NPR. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh NPR atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
Back in 2016, the economy of Mozambique tipped into crisis. The culprit was a government corruption scandal linked to more than $1 billion that officials borrowed in secret.
This was a high-profile example of hidden debt, but it's far from the only example. In fact, this kind of secret borrowing is a large and common problem among countries.
Today on the show, a pair of economists share their new research on hidden debt and how it affects everyday people.
Related Episodes:
Why a debt tsunami is coming for the global economy
What looks like a bond and acts like a bond but isn't a bond?
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by
Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
  continue reading

1720 episode

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