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Greening Sovereign-Debt Restructuring

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BEIJING – Many developing countries have so far avoided the high COVID-19 infection and mortality rates that are being experienced elsewhere. While that may be good news, at least in the short term, the bad news is that these countries are set to be among the hardest hit in economic terms.

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    The World Bank estimates that as many as 100 million people could fall into extreme poverty as a direct result of the crisis. This is only the tip of the iceberg, as developing-country exports collapse, and small businesses,........

    © Project Syndicate

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