Kose, M. Ayhan; Ohnsorge, Franziska; Reinhart, Carmen; … - 2021
Debt in emerging market and developing economies (EMDEs) is at its highest level in half a century. In about nine out … of 10 EMDEs, debt is higher now than it was in 2010 and, in half of the EMDEs, debt is more than 30 percentage points of … gross domestic product higher. Historically, elevated debt levels increased the incidence of debt distress, particularly in …