Time is Running Out for Decisions on Debt Relief as Countries Face Escalating Development Crisis
19 October 2022, 08:15

UNITED NATIONS, Oct 19 (IPS) - Developing low- and middle-income economies are taking hard hits from global economic developments outside their control. Monetary tightening in advanced economies coupled with increasing fears of a global recession have weakened currencies, sent interest rates soaring, and investors fleeing.

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