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UN: "Great finance divide" amid COVID-19 poses major setback for sustainable development | United Nations Economic Commission for Africa

NEW YORK, 12 April 2022 – The crippling cost of debt financing for many developing countries has hamstrung their recovery from the COVID-19 pandemic, forced cutbacks in development spending, and constrained their ability to respond to further shocks, according to a new report launched by the United Nations today.The 2022 Financing for Sustainable Development Report: Bridging ....

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UN warns of ′great finance divide′ as Covid shocks, debt, hits poorest hardest | News | DW

While rich countries borrowed at low rates and saved their economies, poorer nations have spent billions servicing debt. The war in Ukraine will only worsen the pressures on core product prices, officials warn. ....

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Community Scoop » UN: "Great Finance Divide" Amid COVID-19 Poses Major Setback For Sustainable Development

Scoop Community provides New Zealand Community news and views ....

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