More than 40 low-income countries applied to the scheme but still ended up paying out $36.4bn.
Amid concerns the pandemic could cripple the finances of some of the world’s poorest countries, the G20 launched an initiative to suspend debt repayments.
But not only are rich countries benefitting, private creditors are also refusing to take part. Tim Jones, head of policy at the Jubilee Debt Campaign, explains why the G20 scheme is a bailout for investors.
Just as the pandemic exposed cracks in healthcare services, many manufacturing hubs have come in for greater scrutiny over rising forced labour and child labour. Sofia Nazalya, Asia human rights analyst at risk consultancy Verisk Maplecroft, explains what has gone wrong.