Heavily indebted governments in the developing world are struggling to service loans amid climbing inflation and interest rates—and the Ukraine war has only added pressure
is making it tougher for many emerging-market governments to make debt payments to foreign creditors, fueling concerns of potential crises that could shake markets and weaken the global economic recovery.
Many of these countries accumulated mountains of debt during the past decade while inflation and interest rates were low and in the past two years when Covid-19-related costs were climbing.
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