![](https://www.dandc.eu/sites/default/files/article/2024-12/sw-jose-siaba-haupttext-web-g20-gipfel_227999853.jpg)
Multilateral action on sovereign debt must speed up
After the Covid-19 pandemic, debt crises loomed in many countries with low and lower-middle incomes. Debt levels kept soaring while international interest rates rose fast. There was reason to fear widespread sovereign defaults. A catastrophic wave of …