High External Debt Threatens Economic Growth in Developing Countries
The article discusses how developing countries manage their debts and the impact of external debt on economic growth. It explains how governments handle debt contracts, debt relief, and risk management. The focus is on ensuring that public debt levels are sustainable, with a key factor being the share of external debt. The level at which external debt becomes a problem for economic growth depends on factors like debt-to-GDP ratios, low primary surplus, and borrowing costs.