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Global Debt Explosion

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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
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Business
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