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Developing Countries' Debt Now Stands at $12.3 Trillion. The World Bank Is Seeking Private Funding.
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High debt levels, rising debt repayment costs, and a sharp decline in official development assistance are forcing developing countries and their supporting institutions to rethink their development strategies and seek new sources of financing, including the private sector.
Developing countries' debt now stands at $12.3 trillion. The World Bank is seeking private funds.
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