Why the G20 should defer debt from emerging economies like Indonesia and India – or risk an even worse global recession
- Written by Muhammad Akbar F. Annahl, Researcher, Center of Economic and Law Studies (CELIOS)
Emerging economies are facing mounting debts, and the world needs to figure out how to save them from default.Strarline/FreepikWhen the pandemic hit the world in 2020, global debts reached US$226 trillion in 2020, the highest since the second world war. Meanwhile, government, household and private-sector debt in 31 emerging economies reached $98.8...





