WASHINGTON, April 18 (Xinhua) -- Due to high debt and deficit levels, countries are "under severe financial stress," and the debt crisis is expected to "continue to worsen" in 2022, World Bank Group President David Malpass said on Monday. Noting that debt is one of the two big problems...
The higher refinancing costs have been deemed to aggravate the region’s risk of debt distress despite the gradual decline in public debt as a share of the economy's GDP. “More than half of the African governments grapple with external liquidity problems, face unsustainable debt bu...
Kose also called for financial support from the world community to lower the risk of limited economic growth. He noted that the World Bank hoped rich countries will increase financial support for the IDA by December. The report...
WASHINGTON - Due to high debt and deficit levels, countries are "under severe financial stress," and the debt crisis is expected to "continue to worsen" in 2022, World Bank Group President David Malpass said on Monday. Noting that debt is one of the two big problems facing global growth,...
“Zimbabwe remains in debt distress and while borrowing is limited, public debt has continued to increase; that is, driven by external arrears and legacy debt. Public debt rose to over 100% of GDP in 2022 and 2023,” the World Bank says. ...
Urgent global and national efforts are also needed to mitigate the risks of global recession and debt distress in EMDEs, and to support a major increase in EMDE investment.World Bank investment EMDEs Previous The Road to Net Zero: Tracking and Rewarding Carbon Saving Next MAS revises the ...
“Kenya’s debt position remains sustainable, but that the risk of debt distress has increased to high, due to the COVID-19 crisis weakening exports and real GDP growth and delaying fiscal consolidation,” says theWorld Bankin its 22nd Edition, dated November 2020, of Kenya Economic Update. ...
Addressing an online event hosted by the Frankfurt School of Finance and Management on Monday, World Bank president David Malpass blamed China for debt distress in some countries and accused it of not taking part fully in the Group of 20 Debt Service Suspension Initiative (DSSI). ...
In 2013, the bank classified eight African countries as at high risk of debt distress, but the figure has risen to 18 by March 2018. While Malawi is not among the 18 countries, concerns have been raised about the rising public debt which continues to increase standing at $1.68 billion (ab...
Countries in or at high risk of debt distress that implemented reforms towards debt sustainability: 59% Tax Revenue Countries with tax revenue-to-GDP ratios at or below 15% that have increased collections, considering equity: 1732 Climate Resilience ...