High interest rates paid by poorer nations spark fears of global debt crisis - Printable Version
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High interest rates paid by poorer nations spark fears of global debt crisis - theold - 03-10-2022
El Salvador, Ethiopia, Ghana, Maldives, Pakistan, Sri Lanka, Tunisia, Ukraine and Zambia. A further 10 had yields between 10% and 20%: Angola, Cameroon, Egypt, Honduras, Kenya, Mongolia, Nigeria, Papua New Guinea, Rwanda and Tajikistan.
In addition to the rise in borrowing costs, the study found that debt repayments were also being made more expensive by a rising US dollar, which had appreciated by an average of 14% against the 27 low-income countries. External debt tends to be owed in foreign currencies – especially the dollar.
https://www.theguardian.com/business/2022/oct/02/high-interest-rates-paid-by-poorer-nations-spark-fears-of-global-debt-crisis