Weiler expects bond issuance in Europe, the Middle East and Africa to reach a record $275-$300 billion this year - with more countries, even Nigeria and Angola, possibly issuing bonds next year.
Data from non-profit advocacy group ONE Campaign shows that in 2022, 26 countries - including Angola, Brazil, Nigeria and Pakistan - paid more to service external debts than they received in new external finance.
It's a very dangerous situation," Diwan said."We're losing the whole global south at this stage.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.
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