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
In this episode of ask ian, Ian Bremmer explains why Ukrainian President Volodymyr Zelensky enters his latest White House meeting with President Trump in a stronger position than he did just a few months ago.
Most Popular
Competitive pay. 401(k) contributions upon employment and 6% company match once eligible. Up to 16 weeks of combined paid maternity and parental leave. These benefits and more inspire generations – Daidrian’s 18-year Walmart journey motivated her son Jonothan to launch his own career as a Walmart associate. Learn more.
US consumers have spent nearly $74 billion more on gasoline and diesel since the war in Iran began in February
Last week, Microsoft joined more than 100 companies to publish an open letter on the importance of open-weight AI models in expanding access to AI and giving organizations greater control over the technology they use. The paper draws parallels to the open-source software movement, positioning open-weight models as an important foundation for a broad and competitive AI ecosystem while emphasizing the need for responsible safeguards. Read the letter here.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.
