Solving the challenges facing this diverse group of nations, which are home to 3 out of 4 people, is critical to putting the world on a more sustainable and inclusive post-COVID-19 development path.
Middle-income countries (MICs) are home to 62% of the worlds poor, but the challenges they face are often overlooked or seen as less urgent than those of poorer nations.
Yet many MICs a group of 106 countriesthat includes small islands like Kiribati, landlocked nations like Uzbekistan and emerging economies like Brazil face some of the same vulnerabilities as low-income countries, such as crippling debt and a lack of economic competitiveness.
Despite being potential economic powerhouses, theyre at risk of stagnating in their development t…
Read the full article at: https://unctad.org/news/debt-relief-and-productive-capacities-key-recovery-middle-income-countries
