May 19, 2020
The head of the IMF has already warned that the state of the global economy is "worse than our already pessimistic projections." But while the pandemic is taking a huge economic toll on every country in the world, many emerging-market economies, which currently owe a collective $8.4 trillion in foreign debt, face a particularly grim tradeoff between paying their bondholders or funding their hospitals. Even before the coronavirus crisis, 64 countries spent more money annually servicing their external debt payments than they did on healthcare. Now, the global health emergency is taxing their underfunded healthcare systems, complicating attempts to contain the virus. Many countries have already pleaded for emergency debt relief. Here's a look at the countries that spend more on annual debt servicing than on healthcare.
More For You
- YouTube
Is AI advancing faster than our ability to regulate it? At the 2026 US-Canada Summit in Toronto, hosted by Eurasia Group and RBC, Ian Bremmer says the biggest issue with AI is not the technology itself, but the lack of governance keeping pace with its rapid development and rollout.
Most Popular
Iranian President Masoud Pezeshkian displays a memorandum of understanding after signing it in Tehran, Iran, on June 18, 2026, after the document was signed by US President Donald Trump.
Iranian Presidency via ZUMA Press
The interim agreement to end the war, signed by both sides on Wednesday, appears to tilt toward Iran. But the regime remains vulnerable.
A displaced woman holds an Iranian flag as she makes her way back to her home in southern Lebanon, on the highway of Sidon, Lebanon, June 16, 2026.
REUTERS/Zohra Bensemra
On June 14, the US and Iran announced a deal to end the war. A signing ceremony is set for Friday. The terms include an immediate ceasefire on all fronts. With both sides spinning the deal as a victory, there are plenty of ways for this to go wrong.
Sports inspire greatness, determination, and resilience — both on and off the field. Bank of America is proud to celebrate the achievements of and uplift communities through the power of sports. Learn more about how Bank of America supports athletes in life and in the game.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.
