Wall Street

How G7 can help those with debt

Published by
The Bangkok Post

From the weekend until today, G7 leaders have gathered in Germany to discuss a litany of overlapping global crises, including the war in Ukraine, food insecurity, inflation, backlogged global supply chains, the pandemic response and climate change. These challenges have a common denominator: All are falling hardest on low- and middle-income countries that are already facing an escalating debt crisis. When Covid-19 arrived 2.5 years ago, nearly 60% of the poorest countries were already in or at high risk of debt distress. Since then, the pandemic has pushed this cohort’s total indebtedness to a…

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