At the onset of the COVID-19 pandemic, the International Monetary Fund (IMF) announced that short-term debt loans and funding initiatives would be available for emerging market nations. The authors of a new paper argue that those programs need to continue. (Getty Images illustration)A Rochester economist says conflict between health priorities and economic policies can create spiraling crises.
The COVID-19 pandemic may be pushing many emerging market nations into two separate crises that could spiral out of controlone involving public health, the other involving individual countrys national debt.
Thats according to Yan Bai, a professor of economics at the University of Rochester, who analyzed how emerging markets are…
Read the full article at: https://www.rochester.edu/newscenter/debt-relief-programs-have-big-return-on-investment-during-covid-19-458652/
