| Doliba Aleksandr Valer'evich, Trachuk Pavel Aleksandrovich
Debt in Low-income Countries
ID number: J2019124
Abstract: The article presents the results of a debt vulnerabilities in low-income countries. She have increased substantially in recent years. Since 2013, median government debt has risen by about 20 percentage points of gross domestic product and increasingly comes from non concessional and private sources. As a result, in most low-income countries, interest payments are absorbing an increasing proportion of government revenues. The majority of low-income countries would be hard hit by a sudden weakening in trade or global financial conditions.
Key-words: debt, low-income countries, debt vulnerabilities, non-concessional debt, debt management, financial markets, interest rates
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