Marina Azzimonti discusses the rise in the cost of borrowing for countries following the COVID-19 pandemic and the broader implications of this trend for emerging countries, especially those that don't have strong governmental institutions. Azzimonti is a senior economist and research advisor at the Federal Reserve Bank of Richmond.

Full transcript and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/2025/speaking_2025_02_05_sovereign_debt