14% growth of emerging countries’ debts to 4 trillion – the world economy – today

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Data from the Bank for International Settlements showed that dollar-denominated emerging market debt exceeded $ 4 trillion for the first time following an increase in debt issuance during the Covid-19 crisis.

The bank said debt issuances rose 14% in the second quarter and led to a 7% year-on-year increase in overall dollar-denominated debt. The cost of borrowing in dollars has decreased since the US Federal Reserve lowered the interest rate to nearly zero, and the debts of Africa and the Middle East recorded the largest increase at 14% towards the leaders of the Middle East countries.

The debt of Asia-Pacific markets increased by 9% and Latin America by 5%, while the debts of emerging economies in Europe decreased by 5% to continue the downward trend that they have witnessed in recent years.

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