Joe Biden’s presidency offers the prospect of the world’s largest economy re-engaging with the international order, with a raft of policies that include giving new impetus to climate change action, a more stringent attitude to autocratic rule and coordinating actions that stimulate economies in coronavirus distress. Even before Covid-19 emerged a year ago, concern had been building over rising sovereign debt across Africa, some of it ‘hidden’ and unmanageable; this may now be an acute problem as emerging market and developing country (EMDC) governments signal varying degrees of distress.
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