W’Bank Group reveals least developed nations’ debt hits $744bn in 2019

World Bank: COVID-19 to push over 100mn people into extreme poverty in 2020

The World Bank Group has again raised concerns over the bloating debt burden of the globe’s 73 least developed countries, which rose by 9.5 per cent to $744 billion at the end of 2019, from the previous year according to the latest edition of the International Debt Statistics (IDS) report. It is a response to an urgent need for greater debt transparency, a statement by the World Bank noted. The statement recalled that in response “to a call from the World Bank and the International Monetary Fund, the G20 endorsed…

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