World’s Poorest Nations Face ‘COVID-19 Debt Trap’

World’s Poorest Nations Face ‘COVID-19 Debt Trap’
Chinese Construction workers head home after work on site at a new shopping mall called The Mall at One Galle Face which is part of the Chinese managed Shangri-La retails and office complex in Colombo, Sri Lanka, on Nov. 10, 2018. Paula Bronstein/Getty Images
Emel Akan
Updated:

WASHINGTON—The world has averted a systemic debt crisis amid the pandemic. However, the poorest developing countries continue to face significant debt problems, raising global worries over multiplying debt traps by creditors like China.

Addressing the rising risk of a systemic debt crisis in developing countries is one of the key themes at this week’s virtual spring meeting of the International Monetary Fund (IMF) and the World Bank.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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