Global Debt Explosion

Debt has reached unprecedented levels since the COVID-19 pandemic, hitting around $300 trillion in 2022. With low interest rates, developing countries have also accumulated a large volume of local currency debt. As central banks raise interest rates in response to a sticky inflationary outlook, debt risks are becoming increasingly alarming particularly in developing countries. Can policy-makers come together to deliver on the G20 Common Framework for Debt Treatment? This session was developed in collaboration with CNBC