Credit ratings are punishing poorer countries for investing more in health care during the pandemic
- Written by: Ramya Vijaya, Professor of Economics, Stockton University
Morocco wanted to spend more on health care. As a result, its credit rating was cut. AP Photo/Abdeljalil BounharEconomic recovery from the COVID-19 pandemic depends on sustained investment in health care and social services. But while rich countries like the U.S. can borrow and spend relatively easily, low-income nations face a major obstacle:...