Category: debt
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Reconciling sovereign debt and natural capital in low-income countries
Falls in FDI and trade imposed by lockdowns, concurrent with the need to manage unstable health and economic systems, has plunged low-income countries (LICs) into a debt spiral. Globally, sovereign debt has increased by around $10 trillion. Not to say that it was stable before the pandemic; in fact, the IMF signalled half of LICs…
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