Debt in Developing Nations

December 15, 2022, Video: "In her address to the IIEA, for the eighth lecture of the 2022 Development Matters series, supported by Irish Aid, Professor Carmen Reinhart will discuss debt in developing nations. External debt is one of the key challenges for developing nations in achieving the 2030 UN Sustainable Development Goals. The convergence of three crises, the COVID-19 pandemic, conflict, and increased climate related disasters have jeopardised economic growth and progress in developing nations. Professor Reinhart will offer insight into the current debt situation in developing nations and will explore the challenges of financing this debt. Professor Reinhart will examine debt levels which grew exponentially during the pandemic, the lack of transparency of the terms of debt restructuring, and the implications of exposure to foreign debt liability."