IMF warns poor countries debts to soar

AdvertisementsTHE level of debt for low income developing countries is set to soar as they grapple with the effects of the Covid-19 pandemic, the International Monetary Fund (IMF) has warned. In its World Economic Outlook Update for January 2021, the IMF noted that these countries were already struggling with unsustainable debts before the pandemic. “Low-income…

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