Viewpoint by Alexander Kozul-Wright*
The United Nations Conference on Trade and Development (UNCTAD) hosted its biennial debt management conference on December 5-7. The forum brought together governments, international organizations and academia to share views on the current debt landscape in developing countries.
LONDON (IDN) — Covid-19 shuddered the world economy to a halt, and the impact on developing countries was particularly severe. A combination of informal working conditions, underfunded healthcare systems and limited fiscal space constrained policy responses to the virus. By the end of 2020, sharp falls in export earnings and remittance inflows had pushed tens of low-income countries to the economic brink.