Public debt: The World Bank urges to further reduce the slate of poor countries : Orishas-finance

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Public debt: The World Bank urges to further reduce the slate of poor countries

12/01/2022

Categories: Economy/Forex

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Public debt: The World Bank urges to further reduce the slate of poor countries

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The actions taken by the G20 over the past two years are not enough in the eyes of the World Bank. Thus, the institution recommends reducing the slate of poor countries.

The increase in the public debt of emerging and developing countries to more than 60% of their GDP will require other initiatives on the part of creditor countries. In its report on global growth prospects, published on Tuesday, the World Bank warns that the international community must accelerate efforts in this area. G20 finance ministers are called upon to further reduce the debt burden of developing countries.

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