Development banks worsening poor countries’ debt burdens: World Bank

WORLD Bank President David Malpass on Monday chided other development banks for lending too quickly to heavily indebted countries, saying some were helping worsen already-challenging debt situations. Malpass said at a World Bank-International Monetary Fund debt forum in Washington that the Asian Development Bank, the African Development Bank, and the European Bank for Reconstruction and…

Subscribe to read full article. Subscribe today

Related posts

Oil soars above $100 as Iran war forces more production cuts

IMF says Mideast war to test world economy, expecting new shocks

World Bank says $50 billion committed to African electrification

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More