Growing debt burden in low- and middle-income countries during Covid-19 may constrain health financing
Bibliographic Data
| ID | 19529667 |
|---|---|
| Authors | Frederik Federspiel (0000-0002-4295-0827, London School of Hygiene & Tropical Medicine, corresponding author), Josephine Borghi (0000-0002-0482-5451, London School of Hygiene & Tropical Medicine), Melisa Martinez-Alvarez (0000-0003-4020-7527, MRC Unit the Gambia) |
| Year | 2022 |
| Volume | 15 |
| Issue | 1 |
| Pages | 2072461-2072461 |
| Publication date | 2022-12-31 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Global Health Action (JOURNAL) |
| Journal identifiers | ISSN: 1654-9716 • E-ISSN: 1654-9880 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/16549716.2022.2072461 |
| PMID | 35730593 |
| OpenAlex | W4283311068 |
| Language | EN |
| Citations received | 5 |
| References cited | 8 |
Debt burdens are growing steadily in Low- and Middle-Income Countries (LMICs), compounded by the COVID-19 economic recession, threatening to crowd out essential health spending. In 2019, 54 LMICs spent more on servicing their debt to foreign creditors than on financing their health services. While development loans may have positive effects on population health, the ensuing debt servicing requirements may have detrimental effects on health through constrained fiscal space for government health spending. However, the existing evidence is inadequate for an understanding of whether, and if so how and under what circumstances, debt may constrain government health spending. We call for more research on the impacts of debt on health financing and call on creditors and borrowers to carefully consider the potential impacts of lending on borrower countries' ability to finance their health services
Business · Creditor · Debt · Economic growth · Economics · Environmental health · External debt · Fiscal space · Global health · Government Debt · Health care · Health services · Health spending · Macroeconomics · Population · Population health · Recession · Global Health Care Issues · Global Maternal and Child Health · Healthcare Systems and Reforms · Medicine · Finance
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| Citations per year | 1.67 |
|---|---|
| Citation span | 2023 - 2026 (4) |
| Highly cited | No |