A Global Response in Solidarity
abril 27, 2020
| Since the global financial crisis of 2008, public external debt in many developing countries has increased. The increasing indebtedness reflected the funding required to finance domestic investment-savings gaps. It was also encouraged by the long period of unusually low international interest rates and unprecedented levels of global liquidity associated with quantitative easing. Developing countries, including least developed countries (LDCs), increased access to commercial financing. Lending by non-Paris Club official creditors also increased |
