Solvency concerns in the developing world are nothing new. But as governments stare down the humanitarian and economic shocks of the coronavirus pandemic, some emerging markets with weak financial positions are at greater risk of defaulting on their debts. More than 100 nations have asked the International Monetary Fund for help, and the Institute of International Finance is coordinating an effort to offer some relief to the poorest countries. Meaningful relief would need the backing of creditor
— Read on www.bloomberg.com/news/articles/2020-05-04/why-there-s-a-looming-debt-crisis-in-emerging-markets-quicktake
Tag: Debt Crisis
20 country debt crises and what happened next
Debt is a driver of many nations’ economies. Sometimes, however, that debt can grow out of control. Stacker has compiled a list of 20 sovereign debt crises and how their countries dealt with them.
— Read on www.msn.com/en-ca/money/topstories/20-country-debt-crises-and-what-happened-next/ss-AAJ6bfU