With several emerging market and developing economies facing the prospect of not being able to service their debt, a “hidden debt surprise” could hinder efforts to assist these vulnerable countries.
This event on April 7, 2022 will bring together a panel of experts from borrower and creditor countries, academia, and the World Bank to discuss efforts and concrete actions to support debt data transparency. [Recording available]
A call for a debt relief approach that involves pre-emption rather than reaction - one that prevents the crisis from erupting in the first place.
With the debt service suspension initiative expiring and interest rates poised to rise, low-income countries will find it increasingly difficult to service their debts.