the World Bank report said. At the same time, government debt loads are getting heavier, a burden that will grow as interest rates increase and raise the cost of borrowing.
the World Bank report said. At the same time, government debt loads are getting heavier, a burden that will grow as interest rates increase and raise the cost of borrowing.
WASHINGTON, April 11 (Xinhua) -- The ongoing Russia-Ukraine conflict poses big risks for the developing countries in the East Asia and Pacific region, a World Bank economist has said. "I think that (the Russia-Ukraine conflict) has the potential to hurt these countries because of big increas...
The World Bank has also warned that the non-traditional means of procuring loans will raise the risk that countries face to refinance the debt in the future as well as exposing countries to vulnerabilities to exchange rate movements and global financial conditions. The World Bank has attributed th...
LONDON, Jan. 12 (Xinhua) -- China is pursuing an economic policy that is carefully calibrated to ensure both growth and stability, according to a World Bank economist. Franziska Ohnsorge, lead economist with the World Bank, told Xinhua in London that China was in the midst of significant st...
The government was slow in recognizing the debt crisis as a long-term economic and political barrier to development that is affecting the whole world. But at the October 1985 annual meeting of the World Bank, U.S. Treasury Secretary James Baker has vowed that the government will take more ...
IMF, World Bank urge focus on fair growth NEW YORKCountries should not sacrifice growth for the sake of austerity, the head of the International Monetary Fund told global financial leaders Friday, urging that the pace of government debt reduction be tempered by spending to help get the ...
Investor sentiment towards emerging-market debt has improved… The IMF-World Bank annual meetings in Marrakech last October took place in the wake of the attack by Hamas on Israel and were, as a result, dominated by geopolitical concerns and the prospect of further shocks t...
"As a result, government debt remains elevated. Across the region, additional efforts are needed to address revenue shortfalls and contain spending to improve fiscal balances." The World Bank said Sub-Saharan Africa is projected to see a moderate increase in economic activity, with growth rising ...
How Does a Country Get Out of Debt? Normally, a government struggling with debt needs to try to restructure the terms of its borrowing contracts with all of its creditors so that it can continue to make its payments. This may also involve emergency funding. The IMF and the World ...