High-Interest Rate Causing Debt Distress in Emerging Economies
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High-Interest Rate Causing Debt Distress in Emerging Economies
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Description
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...
show moreThe 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.
Information
Author | Africa Business Radio |
Organization | Africa Business Radio |
Website | - |
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