RIO DE JANEIRO, BRAZIL - After the pandemic, countries around the world will have to address the debt they have incurred to fight the economic and social impacts of Covid-19. For those who were prepared for the crisis, there will be little hardship. But among emerging countries, few will face a challenge the magnitude of the Brazilian situation.
The general government's gross debt, which closed last year at 75.8 percent of the Gross Domestic Product (GDP), exceeded 80 percent for the first time in May. This week, Economy Minister Paulo Guedes conceded that the debt may exceed the . . .
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