Poor economies in the process of rising were already in a fragile state because of the lack of tourist activities from the pandemic. However, since the invasion by Russia into Ukraine has caused high commodity, food, and import prices, many less stable countries had rushes for resources, runs on the bank, and large devaluation in currencies. Already high debts are increasing because of food and commodity subsidies, and foreign-exchange reserves are dwindling. Therefore, in addition to taking on even more debt from foreign countries, countries like Egypt and Sri Lanka are being forced to turn to the IMF to forgive debt and offer bail outs.
https://www.economist.com/finance-and-economics/2022/04/02/surging-food-prices-take-a-toll-on-poor-economies
This is a tough situation for poorer countries. They don't have many revenue streams or opportunities for support from other countries so events such as these can have devastating effects of their economies.
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