Responsibility for Debt and Crisis

Anahí Wiedenbrüg (Oxford) and I discuss responsibility for debt and crisis. Debt has risen dramatically as a result of the pandemic, with many countries likely to face sovereign debt crises in the years to come, even if they spend comparatively little keep their citizens safe, housed, and fed during the crisis. What principles ought to govern the repayment of such debt? What responsibilities do governments, private creditors, and non-governmental agents such as the International Monetary Fund have to ensure that the servicing of debt doesn't reproduce injustice and bring about further economic and humanitarian crises?