Many are struggling to make payments after world interest rate hiking cycle sent borrowing cost high
HAMBURG, Germany – Many of the world's poorest countries are having to cut other investment in order to service debts, United Nations Development Programme administrator Achim Steiner said on Monday.
"For many, least developed countries, they have literally been priced out of the financial markets. They cannot borrow any more money," Steiner told the Hamburg Sustainability Conference, adding that they must draw down other spending to avoid debt default. "It's a very extreme situation."
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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