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The World Bank has alerted that developing countries face growing risks from financial fragility created by the COVID-19 crisis and non-transparent debt.
Delays in dealing with the growing debt burden in poor countries seems unlikely to be resolved by the G20, a top World Bank official warned on Tuesday...
Developing economies were hit hardest by the global economic recession brought by the pandemic. A looming debt crisis could make things much worse, according to a new report.
The World Bank Group warned on Tuesday that developing countries face growing risks from financial fragility created by the COVID-19 crisis and non-transparent debt. The newly released World Development Report cited rising inflation and interest rate increases as additional challenges to the recovery and said that developing countries should focus on creating healthier financial sectors. WORLD BANK
A new World Bank report says developing countries face growing risks from financial fragility created by the COVID-19 crisis and non-transparent debt. It