As poor nations' default wave peaks, cash shortage could take its place
- Posted on October 21, 2024
- By Business News Today
- 5 Views
As poor nations' default wave peaks, cash shortage could take its place
Emerging economies face a liquidity crisis post-COVID, threatening development and climate goals. The IMF and World Bank are seeking solutions amidst rising borrowing costs and reduced external finance. African and other developing nations struggle as countries like China and Western donors pull back on aid.
