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Emerging Markets January 12, 2021 / 01:48 pm UTC

Will 2021 Usher in a Debt Crisis?

By Francesca Beausang
EM vulnerability to debt has risen significantly since March 2020 for two reasons. Collapsing sovereign borrowing costs have resulted in an explosion of Eurobond issuance, and second, the EM lending of China's two largest policy banks has been trimmed significantly.