Wed, 2020-04-08 02:50
PARIS: The coronavirus pandemic has piled pressure on the finances of many emerging countries, leading to calls for some debt payments to be postponed or canceled altogether.
Last month, Lebanon declared a default on debt payments, and this week Argentina said it would delay payment of almost $10 billion in debt.
Many emerging economies were already in dire straits before anybody had heard of coronavirus.
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via Latest News of Dubai
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