Debt Distress in Emerging Markets During COVID-19

This chapter examines the severe economic challenges faced by emerging markets amid the COVID-19 pandemic, focusing on countries like Lebanon, Zambia, and Argentina. It discusses the contrast between wealthy nations and poorer economies in terms of debt sustainability, currency reliance, and the impact on investor confidence. Additionally, the chapter highlights the role of international financial institutions and the complexities of managing debt as these countries navigate health crises and economic downturns.