The real room for maneuver in solving the debt crisis comes from the fact that interest rates paid by high-income countries are still very low compared to emerging market rates, allowing multilateral development banks to arbitrage this spread and provide concessional financing.
causalpending
Speaker
Jeffrey SachsEvidence Quote
“the real room for maneuver is that the interest rates paid by the high-income countries are still very low compared to what the emerging market economies face”
Source
Jeffrey Sachs: "We're in a crisis and it will get worse in the coming months."— Prague Finance InstituteCreated: 8/10/2026, 9:58:27 PM
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