Posts tagged as: debt
Health pandemics, like other calamities, are great revealers. Not only do they come at a colossal cost to human life, but often expose and lay bare the structural problems riddling an economy. The COVID-19 pandemic is emblematic of this. It has affected 184 countries around the world with preliminary estimates indicating that it will cost the global economy at least USD 1...
As public health systems and economies grind to a halt, it is becoming increasingly clear that the impact of COVID-19 will reverberate throughout the global economy for years to come. Prior to this emergency, multilateral organisations were already warning that debt sustainability in low-income countries was deteriorating. Now, the World Bank and IMF have called on...