According to World Bank President David Malpass, debt levels among low- and middle-income nations climbed sharply in 2021, underlining the necessity of lowering the debt of poorer countries.
In 2021, the amount of debt among the low- and middle-income countries “grew substantially”, said World Bank President David Malpass during an interview with Reuters on Friday. This comes ahead of the bank’s upcoming yearly report on global debt which Malpass says will make clear that private sector creditors also need to participate in debt reductions.
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South Korea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium. SK On ranked ninth in terms of global EV battery market share in 2019, but has.