Business & Finance
Business and Finance
Business and Finance
Wed, December 4, 2024
[ 08:02 PM ] - Bill Williamson
[ 08:02 PM ] - Bill Williamson
[ 08:01 PM ] - Bill Williamson
[ 08:01 PM ] - Bill Williamson
[ 08:01 PM ] - Bill Williamson
[ 08:01 PM ] - Bill Williamson
[ 08:00 PM ] - Bill Williamson
[ 08:00 PM ] - Bill Williamson
[ 02:11 PM ] - Bill Williamson
[ 02:10 PM ] - Bill Williamson
[ 02:10 PM ] - Bill Williamson
[ 02:09 PM ] - Bill Williamson
[ 02:09 PM ] - Bill Williamson
For developing economies, the finance landscape has become a wasteland
- Over the past two years, private creditors have been squeezing public-sector borrowers in developing countries, taking out more in interest payments than they are providing in fresh lending
The article from TBS News discusses the dire state of finance in developing economies, describing the landscape as a "wasteland" due to several critical issues. It highlights the severe debt distress many countries are facing, exacerbated by global economic shocks like the Covid-19 pandemic, rising inflation, and geopolitical tensions such as the Russia-Ukraine conflict. These factors have led to increased borrowing costs, currency depreciation, and a significant reduction in foreign aid and investment. The article points out that traditional financial mechanisms like debt relief and concessional lending are insufficient, and there's a growing call for innovative financial solutions. It also mentions the challenges in accessing international capital markets, the impact of climate change requiring additional funding, and the need for a new global financial architecture to support sustainable development in these vulnerable economies.
Read the Full tbsnews Article at:
[ https://www.tbsnews.net/features/panorama/developing-economies-finance-landscape-has-become-wasteland-1010226 ]
Read the Full tbsnews Article at:
[ https://www.tbsnews.net/features/panorama/developing-economies-finance-landscape-has-become-wasteland-1010226 ]
