Dignity Agenda #4 – National Private Debt Jubilee for Citizens

Common Sense Paper No. 62

August 12, 1982, marked a pivotal moment in global debt markets, as Mexico’s inability to service its $80 billion debt triggered the Less-Developed Country (LDC) debt crisis. Mexico’s finance minister informed U.S. and international leaders that the country could not meet its obligations, leading to widespread financial instability. By October 1983, 27 …