-concessional and private sources. As a result, in most low-income countries, interest payments are absorbing an increasing proportion …Debt vulnerabilities in low-income countries 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 …

service in the region. Hence, the higher risk profile of debt and rising payments might lower the threshold for debt distress … public debt for the region in 2018 was still below that of the pre-debt forgiveness period, the risk profile of public debt … has sharply increased. The share of concessional public debt has been declining while that owed to private creditors and …

suggests caution. Despite low interest rates, debt was on a rising trajectory in half of EMDEs in 2018. In addition, the cost …Government debt has risen substantially in emerging market and developing economies (EMDEs) since the global financial … crisis. The current environment of low global interest rates and weak growth may appear to mitigate concerns about elevated …

Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past … fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of … debt accumulation episodes in 100 emerging market and developing economies since 1970; a series of econometric models …

Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010 …, emerging and developing economies have experienced another wave of historically large and rapid debt accumulation. Similar past … debt buildups have often ended in widespread financial crises in these economies. This paper examines the factors that are …