Act now to prevent a new sovereign debt crisis in the developing world

Financial Times  | Wed, Mar 23, 2022

by William Rhodes and John Lipsky

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The writers are co-chairs of the Sovereign Debt Working Group of the Bretton Woods Committee. Since late February, the world’s attention has been focused on Russia’s brutal invasion of Ukraine. However, some of the most damaging economic and financial impacts of this act of aggression will be felt by non oil-exporting developing economies in Africa, Asia and Latin America.

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