Averting a COVID-19 Debt Trap
Averting a COVID-19 Debt Trap
April 9, 2021
The pandemic has left countries with higher debt and fallen revenues. (iStock by Getty Images/erhui1979)
Debt levels in many countries were high when the pandemic hit. But today, global public debt is reaching 100 percent of GDP. In this podcast, we hear a panel discussion about the very real danger for some countries of falling into a debt trap. The seminar was held during the 2021 IMF-World Bank Spring Meetings and featured IMF Managing Director, Kristalina Georgieva, Mohamed El-Erian, President of Queens’ College, Cambridge, and Vera Songwe, Under-Secretary-General at the United Nations. The Panel was moderated by Martin Wolf, Chief Economics Commentator at the Financial Times.
IMF Managing Director, Kristalina Georgieva.
Mohamed El-Erian, President of Queens’ College, Cambridge.
Vera Songwe, Under-Secretary-General at the United Nations.
Martin Wolf, Chief Economics Commentator at the Financial Times.
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