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UNCTAD urges reforms on global debt architecture amid rising distress

UNCTAD has called for urgent reforms to the global debt architecture to avert a widespread debt crisis among developing countries. In the wake of the COVID-19 pandemic, developing countries’ external sovereign debt – funds borrowed in foreign currency – increased by 15.7% to $11.4 trillion by the end of 2022. The mounting debt levels are further complicated by the diversity of lenders and financial instruments.
West Germany Penelope Hawkins Anastasia Nesvetailova World War Global Financial Crisis Development Report
Source: unctad.org

UNCTAD urges reforms on global debt architecture amid rising debt distress

UNCTAD has called for urgent reforms to the global debt architecture to avert a widespread debt crisis among developing countries. In the wake of the COVID-19 pandemic, developing countries’ external sovereign debt – funds borrowed in foreign currency – increased by 15.7% to $11.4 trillion by the end of 2022. The mounting debt levels are further complicated by the diversity of lenders and financial instruments.
West Germany Anastasia Nesvetailova Penelope Hawkins World War Global Financial Crisis Development Report
Source: unctad.org

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Let's roll up sleeves, add value to commodities

Despite several initiatives such as the National Export Strategy and the gospel of value addition and diversification, Malawi continues to struggle to make a difference on the commodities market. The United Nations Conference on Trade and Development (Unctad), in its Commodities and Development Report 2023, has called for the redoubling of efforts towards economic diversification
Development Unctad Millennium Challenge Corporation Development Bank International Monetary Fund National Export Strategy Economic Affairs

'Meeting fiscal goals iffy sans new taxes' | Jovee Marie N. de la Cruz

THE government’s executive and legislative branches must work closely together to ensure that fiscal targets are met, according to the 2023 Philippine Development Report (PDR). However, the report also noted that maintaining these gains this year through 2028 may be difficult if new tax laws are not quickly put into…
Ferdinandr Marcos Jr Philippine Development Report National Tax Allotment Department Of Finance National Government Committee On Civil Service

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