https://www.scmp.com/rss/513213/feed Hippolyte Fofack is chief economist and director of research at the African Export-Import Bank en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Since the Latin American debt crisis of the 1980s, sovereign debt crises have become a regular occurrence for emerging and developing economies. Today, Sri Lanka needs a bailout from the International Monetary Fund after defaulting on its foreign debt in May, and a growing number of low-income countries face similar challenges. The World Bank estimates that around 60 per cent of all emerging and developing economies have become high-risk debtors. As many as a dozen might default in the next 12... https://www.scmp.com/comment/opinion/article/3186623/developing-country-debt-crisis-looming-it-can-be-headed?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3186623/developing-country-debt-crisis-looming-it-can-be-headed?utm_source=rss_feed Wed, 27 Jul 2022 05:32:10 +0000