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Many governments in the emerging world are facing a difficult conundrum: how to balance the near-term health risks of Covid-19 against the long-term impact of lost livelihoods.
Underdeveloped healthcare systems and fragile economies mean that many of these countries do not have the fiscal firepower to fight the disease or the economic downturn.
A suspension of debt payments will free up vital funds to fight the crisis and this looks increasingly likely after private and official creditors agreed to collaborate on a debt standstill beginning May 1.
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