{
Rebeca Grynspan

People

}
001122334455554433221100
001122334455554433221100

global debt crisis challenges developing nations amid rising economic instability

The global debt crisis is intensifying, with developing nations facing unprecedented challenges as their external debt reached $11.4 trillion in 2023, consuming more than their export earnings. Countries like Sri Lanka and Pakistan exemplify the dire consequences of unsustainable borrowing, leading to defaults and economic turmoil. Urgent reforms and innovative solutions, such as debt-for-climate swaps, are essential for fostering sustainable development and financial stability amidst rising global trade uncertainties.
Greater Kashmir
Indian Rupee Kenyan Shilling United States Dollar Pakistani Rupee International Monetary Fund FUND LKA RUS ZAF PAK ECU IND BRA KEN Rebeca Grynspan Show more
Finance & Economy, News Article
19:23 22.03.2025
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