Poorest countries confront 18-yr high debt as conflicts & disasters surge

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Poorest countries confront 18-yr high debt as conflicts & disasters surge - Business Standard

Quick Summary:

As traditional funding sources have dried up, IDA has directed substantial resources toward helping these nations remain afloat amid economic challenges.

The report highlights an alarming debt-to-GDP ratio, now averaging 72 per cent — the highest in 18 years.

While most of the world has economically recovered, these nations have struggled to resume growth, highlighting a widening economic divide.