For Developing Economies, the Finance Landscape Has Become a Wasteland
https://www.project-syndicate.org/commentary/development-finance-private-creditors-squeezing-the-world-s-poorest-by-indermit-gill-2024-12
Over the past two years, private creditors have been squeezing public-sector borrowers in developing countries, taking out more in interest payments than they are providing in fresh lending. As a result, the world's poorest countries are facing not only a liquidity crunch, but also a growing solvency crisis.
https://www.project-syndicate.org/commentary/development-finance-private-creditors-squeezing-the-world-s-poorest-by-indermit-gill-2024-12
Over the past two years, private creditors have been squeezing public-sector borrowers in developing countries, taking out more in interest payments than they are providing in fresh lending. As a result, the world's poorest countries are facing not only a liquidity crunch, but also a growing solvency crisis.