The next global economic emergency? Deepening debt in the developing world - short news
Poorer nations were more fragile before Covid-19, had less scope to stimulate economies, and are on the wrong side of the vaccine divide
A global pandemic. Rising inflation. The threat posed by climate change. Global policymakers have enough to keep them occupied without a developing country debt crisis adding to their list of problems.
That is a real possibility. Both the World Bank and the International Monetary Fund used their annual meetings to stress the pressure poorer..
source: The Guardian - 17.10.2021