UN says solutions exist to rapidly ease debt burden of poor nations

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UN says solutions exist to rapidly ease debt burden of poor nations

GENEVA, Switzerland — The heavy debt weighing on developing countries can be alleviated through readily available measures, the UN’s trade and development chief said, pleading for bold international action. Rebeca Grynspan compared the debt burden facing poorer countries to “a reverse blood transfusion”, with money flowing “from the ones that need it to the ones that don’t”. In 2022 — the last year for which there are clear statistics — developi…