Published on Data Blog

What the pandemic means for government debt, in five charts

The COVID-19-related global recession and economic policy response have triggered a surge in debt levels in emerging market and developing economies (EMDEs). Coming on top of a surge in global debt since 2010, this creates new risks.  

  1. Debt levels have surged in EMDEs

The COVID-19 pandemic has triggered a steep increase in debt, particularly in EMDEs. This comes on top of a rapid debt increase since 2010.

      5.As debt becomes more complex and less transparent, resolution will become trickier

The share of non-concessional debt in EMDEs has risen as the importance of non-Paris Club lenders has increased, potentially complicating debt resolution if needed.


Peter Nagle

Senior Economist, Prospects Group

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