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The Pandemic Debt Crisis Was Only Delayed, Not Solved.
- Source :
- World Politics Review (19446284); 3/21/2022, p1-3, 3p
- Publication Year :
- 2022
-
Abstract
- While worries about the accumulated burden of sovereigndebt and the possibility of a debt crisis have beenpresent for years, the pandemic has exacerbated analready precarious situation for many low-incomecountries, revealing fundamental flaws in the currentarchitecture for sovereign debt restructuring. In mid-February,the World Bank issued a warning: Many lowincome countrieshit hardest by the pandemic are now on the brink ofserious debt crisis(https://www.worldbank.org/en/publication/wdr2022),complicating the global economic recovery from theCOVID-19 pandemic. [Extracted from the article]
- Subjects :
- DEBT
DEBT relief
DEBT service
PUBLIC debts
DEBT management
Subjects
Details
- Language :
- English
- ISSN :
- 19446284
- Database :
- Supplemental Index
- Journal :
- World Politics Review (19446284)
- Publication Type :
- Periodical
- Accession number :
- 155927235