The number of low-income countries eligible for debt-service relief has doubled in the last decade. Heres how to help them.
The COVID-19 pandemic and the accompanying economic lockdowns have deepened inequality both within national borders and across the globe. Many low-income countries have suffered a severe economic contraction that has derailed budgets and created urgent financing needs. This has exacerbated debt-sustainability concerns, which were already high on the eve of the pandemic.
Today, more than half of low-income countries eligible for relief under the Group of 20s Debt Service Suspension Initiative are either in debt distress or at high risk, doubling in the last decade.
Since (at least) the founding of the League of Nati…
Read the full article at: https://blogs.worldbank.org/developmenttalk/key-resolving-covids-global-debt-crunch-transparency