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Report says serious debt crisis unfolding across developing countries

The United Nations' Development Programme (UNDP) joined on Tuesday the chorus of institutions and charities warning that a serious debt crisis is now...

The International Monetary Fund predicts a 25% probability that global growth will slow to less than 2%

LONDON, Oct 11 — The United Nations’ Development Programme (UNDP) joined today the chorus of institutions and charities warning that a serious debt crisis is now taking hold in...

At least 54 developing countries globally, including 25 in Sub-Saharan Africa, require immediate debt relief to avoid sliding into extreme poverty, according to the United Nations Development Programme (UNDP).The Agency published a paper on October

U.S. Treasury Secretary Janet Yellen views debt restructuring as a key priority, but senior Treasury officials said they do not expect any major breakthroughs on debt matters at this weeks meetings of the International Monetary Fund and World Bank.

(Reuters) – The annual IMF/World Bank meetings in Washington D.C. from Monday to Saturday will include talks on a number of emerging markets squeezed by rising inflation and borrowing costs against a backdrop of slowing global growth. The economic hit from Russia’s invasion of Ukraine has added to pressures that surfaced during the COVID-19 pandemic...

Fifty-four developing economies accounting for more than half of the world's poorest people need urgent debt relief as a result of "cascading global crises", the UN Development Program (UNDP) said on Tuesday.It warned of the risks of ...

WASHINGTON, Oct 11 — US Treasury Secretary Janet Yellen views debt restructuring as a key priority, but senior Treasury officials said they do not expect any major...

According to the UN report, more than half of the world’s poorest people need immediate debt relief