This week’s IGM Economic Experts Panel statements:
A) Economic damage from the virus and lockdowns will ultimately fall disproportionately hard on low- and middle-income countries.
B) A temporary standstill on sovereign debt payments by low- and middle-income countries to all official and private creditors to give those countries space to cover the immediate costs of the crisis would benefit advanced economies.
C) Export restrictions on food and medical supplies, and other protectionist measures, are likely to cost lives and slow economic recovery in all countries.
Keyword: debt relief
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This week’s IGM European Economic Experts Panel statements:
A) Economic damage from the virus and lockdowns will ultimately fall disproportionately hard on low- and middle-income countries.
B) A temporary standstill on sovereign debt payments by low- and middle-income countries to all official and private creditors to give those countries space to cover the immediate costs of the crisis would benefit advanced economies.
C) Export restrictions on food and medical supplies, and other protectionist measures, are likely to cost lives and slow economic recovery in all countries.
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