Latin America and the Caribbean are facing a serious debt crisis
Latin America and the Caribbean are facing a serious debt crisis Part 4 In the previous three parts we have observed the evolution of the DCs’ external debt over the last twenty years. The first part shows a dramatic increase of indebtedness, which multiplied by 2.5 with a steep acceleration from 2008 onward. The second part highlights the main threats on the DCs’ external debt, among which the growing significance of bonds, the evolution of interest rates and the depreciation of their currencies against the US dollar. The third part examines the various factors that lure DCs into the de...