Transcribed

High-Interest Rate Causing Debt Distress in Emerging Economies 

Sep 11, 2023 · 30m 30s
High-Interest Rate Causing Debt Distress in Emerging Economies 
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The Combination Of Aggressive interest-rate hikes in developed countries, lack of sufficient affordable capital from the World Bank and a failure to consider and address the spillover effects are creating...

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The Combination Of Aggressive interest-rate hikes in developed countries, lack of sufficient affordable capital from the World Bank and a failure to consider and address the spillover effects are creating costly spillback economic consequences on low-middle income countries already at high risk of debt distress, a new analysis from One Campaign says.
The international, non-profit advocacy and campaigning organisation that fights extreme poverty, particularly in developing countries, finds that ‘rich countries’ actions to control domestic inflation through rises in interest rates are creating unsustainable economic realities for low-and low-middle-income countries.
The high interest rates, it explained, are gradually locking emerging economies out of low-cost financing options creating an increasingly divergent global economy and exacerbating an already dangerous debt crisis.
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Author Africa Business Radio
Organization Africa Business Radio
Website -
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