Growing Debt Burden Poses Significant Risk to Developing Nations, G24 Chair Says - BusinessWorld Online
G24 says developing countries are paying about $500 billion more for debt than richer nations and wants cheaper IMF and World Bank financing.
6 Articles
6 Articles
Oyedele, Iyabo Masha speak as G-24 raises concerns over high borrowing costs
"What we have seen by members of the G24 and across particularly the developing countries such as those in Africa, is an increasing body of not just high debts, but high costs of debts," he said.
Growing debt burden poses significant risk to developing nations, G24 chair says
By Rae Wee BANGKOK, Oct 13 (Reuters) - The debt vulnerabilities of many developing economies are a "major barrier" to inclusive growth, the chair of the Group of 24 nations said on Tuesday, warning their governments were increasingly contending with mo...
Nigeria joins UN push to ease debt pressure on developing countries - NewsTmes.com.ng
Nigeria and other developing countries are seeking a stronger voice in international debt discussions as rising repayment costs consume public revenue that could otherwise fund hospitals, schools, roads and other essential services. The campaign gained momentum on Monday in Bangkok, Thailand, where finance ministers, central bank governors and senior officials from developing countries gathered for …
Taiwo Oyedele, president of the G24 group of countries, said that the debt vulnerability of many developing economies is a major obstacle to inclusive economic growth.
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
