The Recurring Crisis: Debt in the LICs*

Aug 8th 2023, C.P. Chandrasekhar and Jayati Ghosh

To address the debt crisis in the LMICs and prevent its recurrence, it is necessary to address the failure of the international order to provide space for poor countries to earn the foreign exchange needed to service external debt.

* This article was originally published in the Business Line on August 7, 2023.


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