Many low-income and emerging economies are facing heavy debt burdens, limiting their ability to invest in education, healthcare, social protection, and infrastructure. For some, debt is already unsustainable. How can countries and their development partners chart a course for resilient economies and a brighter future for all?
Restructuring efforts for defaulted countries could reach a breakthrough before year-end as talks continue, while the finances of nations like Pakistan and Egypt will also be under scrutiny when policymakers and asset managers gather for the World Bank and International Monetary Fund’s annual meetings in Marrakech next week
Emerging economies are facing headwinds from all sides, with a recent selloff in U.S. Treasuries and China s slowing economy adding layers of uncertainty while the Federal Reserve might not have.