COVID-19’s legacy of debt and debt service in developing countries

Lima, Peru.- Peruvians claim the new bonus granted by the state as an economic aid in the midst of the pandemic on December 10, 2020. More than 52 thousand workers of micro-enterprises benefited from the bonus of S / 760 for perfect suspension of labor, economic compensation that is delivered to mitigate the economic impact generated by Covid-19.

Introduction The economic outlook for developing countries is grim in the wake of COVID-19. Total output in developing countries, sans China, is projected to fall by 5.7 percent in 2020, with a recovery of 5 percent in 2021.1 Compared to pre-COVID projections, this amounts to an 8.1 percent loss by the end of 2021, worse … Continue reading COVID-19’s legacy of debt and debt service in developing countries

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