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What 2020 Revealed About International Debt


What 2020 Revealed About International Debt
BY
April 19, 2021
Rapidly rising global public and private debt are changing how economists think about the impact of debt loads on national economies.
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otal public and private global debt rose by a record $24 trillion in 2020, according to the Institute of International Finance. Driven by the COVID-19 pandemic and accompanying recession, international debt rose to $281 trillion and the debt-to-GDP ratio is at 355%.
From Angola to Zambia, many nations are already struggling under the weight of their existing debts and struggling not to default on loans. In the pandemic economy, they’ve had to compete for financial relief from international organizations like the IMF and World Bank. The trajectory risks stalling years of economic growth and has already forced countries to cut spending at a time when domestic markets need stimulus and healthcare needs vaccine funds. Economists say that the IMF, World Bank, ....

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Changing Role of the State: Brazil in Global Perspective | Columbia University in the City of New York


2:00 PM - 9:00 AM
Online Event
Recognizing the imperative of restoring global growth, the Center on Global Economic Governance at Columbia-SIPA and the Columbia Global Centers | Rio de Janeiro, have joined forces to produce a ten-part series. The series brings together experts from around the world, including Brazil and other emerging markets, and continues through May 2021. The series will treat subjects ranging from fiscal and monetary challenges, inequality and health, labor markets and social policies, and key sectors, such as energy and technology.
We are pleased to announce the launch of this new series on January 28-29. In two separate sessions, speakers will provide an overview of global economic conditions and how these conditions will help or constrain economic recovery in Brazil and other middle-income economies.  ....

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