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The Resistible Rise Of External Debt In The Global South (2011-2021)

Author

Listed:
  • Cohen, Daniel
  • Harnoys-Vannier, Brendan

Abstract

The recent era of low interest rates and ample liquidity caused a large increase in external indebtedness throughout the Global South. This note documents both the magnitude and the rising diversity of the debt involved, at a time when markets are shutting down. We build upon the latest World Bank International Debt Statistics, recategorizing countries based on their vulnerability before the Covid crisis hit and their level of development.

Suggested Citation

  • Cohen, Daniel & Harnoys-Vannier, Brendan, 2023. "The Resistible Rise Of External Debt In The Global South (2011-2021)," FDL Policy Notes 2303, CEPREMAP.
  • Handle: RePEc:cpm:notfdl:2303
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    File URL: https://findevlab.org/wp-content/uploads/2023/03/FDL-Working-Paper_The-Debt-Landscape_Mar-23-1.pdf
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