Emerging Economies Need New Finance, Not Moratoriums

By Mauricio Cárdenas BOGOTÁ – Many are calling for a temporary moratorium on all debt repayments by developing and emerging economies, in order to prevent the COVID-19 pandemic from triggering a tsunami of sovereign defaults. Rather than waiting passively until debtors stop meeting their obligations, the argument goes, creditors would be better off agreeing now […]

The post Emerging Economies Need New Finance, Not Moratoriums appeared first on East African Business Week.

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