THE economic fallout of the Covid-19 pandemic has led to the establishment of a number of debt-relief and financing options for cash-strapped countries. But just how many emerging markets have benefitted from these initiatives?
Debt was already a big issue before the health crisis. According to the International Monetary Fund, 36 of the 70 markets classified by the fund as being low income were either at high risk of, or already in, debt distress as of February 2020, prior to the declaration of a global pandemic.
The pandemic exacerbated these concerns, as governments raised debt to fund their national responses to the dual health and economic crises.
As more developing nations sought to restructure their debt, G20 governments, along w…
Read the full article at: https://www.theborneopost.com/2021/08/28/who-are-the-biggest-winners-in-the-g20s-debt-relief-programme/
