Are We On Cusp Of An Emerging Market Debt Crisis? – OpEd

By Cornelia Meyer*

In November, the Institute of International Finance (IIF) came out with some chilling numbers: The global level of indebtedness rose by a staggering $15 trillion due to the cost the pandemic had inflicted on the global economy. The IIF expects global debt to exceed $277 trillion in 2020 or 365 percent of...