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 . Music by Drop Electric . Find us: TikTok , Instagram , Facebook , Newsletter . Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy