Layna Mosley

Feb 8, 2024 | goodauthority.org | Erik Voeten |Layna Mosley

The that around half of low-income and middle-income countries are at high risk of debt distress or already in it. In the 2010s, developing economies had relatively easy access to credit from private lenders, China, and the traditional lenders, such as the World Bank, the International Monetary Fund (IMF), and wealthy countries. Higher interest rates now mean that the cost of servicing these debts has soared.