Breaking Kenya News Forum


Crippling Debt Keeps Developing Countries

The  low- and middle-income economies will owe more than $1 trillion in debt service payments this year. It reports 72 countries, classified as vulnerable, are responsible for more than half that accumulated debt according to the United Nations report. A warning that developing countries will have difficulty recovering from the devastating impact of the COVID-19 pandemic without relief from crushing debt burdens keeping them mired in poverty . What is it that the developing countries are doing wrong ?

Leave a Reply

Your email address will not be published. Required fields are marked *.

You may use these <abbr title="HyperText Markup Language">HTML</abbr> tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>