The debt crisis in the world’s poorest economies is worsening, with rising debt servicing costs reducing funds for development, the UN Development Programme (UNDP) warned on Tuesday.
A new multilateral debt relief deal that includes all creditors “warrants serious attention”, the UN Development Programme said in a policy paper.
Debt Interest Payments
Interest payments on debt exceeded 10% of government revenue in 56 developing nations – almost twice the number of countries compared to a decade ago,…
