2023-04-11 07:30
Debt crunch looms for weaker economies with a wall of bond maturities ahead
WASHINGTON -A combination of sticky high interest rates and lackluster global growth could push a number of emerging economies that are facing soaring refinancing needs into debt difficulties next year. Many weaker economies navigated the fallout from the COVID-19 pandemic and the war in Ukraine with financing aid from multilateral and bilateral lenders. But repayments on emerging markets' high-yield international bonds will total $30 billion in 2024, a steep increase compared to the $8.4 billion left for the remainder of this year.
https://business.inquirer.net/395320/debt-crunch-looms-for-weaker-economies-with-a-wall-of-bond-maturities-ahead
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https://business.inquirer.net/395320/debt-crunch-looms-for-weaker-economies-with-a-wall-of-bond-maturities-ahead
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