The Tuna Bonds Scandal and the fishy business of hidden debt
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.
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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
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