Debt Defaults? Warnings of Looming Debt Buildup in Developing Countries. Around 60 percent of low-income countries have entered a condition of “debt distress.”
I would like tentatively to share the insights and commentary by Mr. Trevor Filseth, a current and foreign affairs writer for the National Interest.
The leaders of the International Monetary Fund (IMF) and World Bank cautioned on Wednesday that global interest rate increases had saddled most of the world’s developing economies with significant debt burdens, even as many continue to struggle to respond to the COVID-19 pandemic and the rise in global food prices caused by Russia’s invasion of Ukraine.
