Washington Bold new mechanisms are urgently needed to help low- and middle-income countries address crippling debt, sharply worsened by the COVID-19 pandemic, threatening vital investment to tackle poverty and climate change for years to come, the United Nations Development Programme (UNDP) says in a new report. The study, published today, echoes a call by the UN Secretary-General for more aggressive moves to fight debt distress in countries lacking resources to manage it.
The report, Sovereign Debt Vulnerabilities in Developing Economies, released ahead of the World Bank-International Monetary Fund (IMF) Spring Meetings next week, analyses debt vulnerability across 120 low- and middle-income economies to identify which are most at…
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