Developing Countries on the Brink of a Debt Crisis
Developing Countries on the Brink of a Debt Crisis

Author(s): Piotr Dzierżanowski
Subject(s): Supranational / Global Economy, Economic policy, Developing nations, Health and medicine and law, Fiscal Politics / Budgeting, Russian Aggression against Ukraine
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: debt crisis; developing countries; monetary policy; global economy;
Summary/Abstract: The end of expansionary monetary policies in developed countries, the decline in financing from China, and the economic turbulence resulting from the COVID-19 pandemic and Russia’s aggression against Ukraine increase the risk of a major international debt crisis for developing countries. Such crises tend to spill over and the number of defaulting countries increases. While the threat of the destabilisation of the economies of developed countries remains low, the states may be affected by the consequences of the crisis, such as increased migration pressures.

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