Since the outbreak of the pandemic, public debt surged from 103.8% to 120% on average in advanced economies and from 54% to 63.4% in developing countries, with significant differences among them. After the COVID-induced economic crisis, a new financial crisis may arise, wherever it comes from. Debt relief measures for poor countries were launched by the Saudi G20 and have been recently strengthened by the Italian G20 presidency. Are they sufficient or should they be further enhanced? How to alleviate the debt burden in developing and mature economies too, from Latin America to Europe? Should the private sector be further engaged?
Boston University
Former Governor of the State Bank of Pakistan and Finance Minister of Pakistan
Sussex University and Columbia University
SOAS
CountryRisk.io
German Development Institute
The Brookings Institution
University of Maryland and The Brookings Institution
Columbia University and Center for Economic Policy Research
Duke University
Graduate Institute Geneva, Center for Economic Policy Research, and Luigi Einaudi Foundation
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Research Fellow, ISPI Centre for Business Scenarios
ISPI Director of Studies and Co-Head of the Europe and Global Governance Centre