Turkey and Brazil.. Why are emerging markets so worried about the rise in US interest rates? After several countries rejected international relief measures and turned to capital markets for funding, the world's poorest countries will be responsible for $10.9 billion in debt payments this year.
According to the report, the economic slowdown caused by the rapid increase in debt payments in the affected countries was due to the high levels of poverty. Many low-income countries were affected by high interest rates in the USA and around the world in 2022.
Kristalina Georgieva is the managing director of International Monetary Fund. She stated recently that some countries may be affected by an increase in federal rates.
He stated that interest rates in the US are increasing الشرق الاوسط m356 , which means the US dollar's value is rising, and other countries find it more difficult to pay their US dollars debt.
Low-income countries need debt relief. These countries are still affected by the debt crisis, but it isn't a major problem if it is addressed.
While the debt crisis has given nations the resources they need to deal with the current turmoil caused by the pandemic and immune emergencies, high interest rates could lead to more debt.
After several countries turned to capital markets for funding their relief, they rejected international relief efforts. This year, $10.9 billion will be due to the countries with the lowest debt burdens.
An estimated $35 billion will be required to pay 74 countries with low incomes in 2020. This is an increase of 45% over 2020.
more money goes into debt payments
This video explains why more money goes into debt payments. Because there are more developing countries that require debt to finance the economic and healthcare costs associated with the coronavirus, this clip will explain. It's more expensive to obtain refinance loans or pay off debts that have been put on hold following the coronavirus epidemic. This is why more money is being pushed towards these types of payments.
The World Bank warns that 60% of low-income countries must restructure their debts or face a new crisis.
Zhao called upon the G20 leaders to not bury their heads in موسوعة الشرق الاوسط. He came up with a comprehensive plan to cancel debt that would require private lenders to participate. This was necessary because the global economy is in desperate need of relief.
According to the debt data portal, 54 countries are facing debt problems because they can't pay their debts on time. This affects citizens' rights in these countries