Some of the world’s poorest countries borrowed heavily since 2020 to cope with the pandemic, soaring food and fuel bills caused by the war in Ukraine, and inflation.
, governments throughout the developing world find their financial resources exhausted. Unable to fund necessary social and economic programs, they risk sliding into disarray.
World leaders so far have done little to ease the developing nation debt burden, despite years of debate andby the UNDP and other anti-poverty organizations. Only four countries have sought help under a 2020 program developed by the G-20 known as the common framework; just two governments reached agreement with their creditors to ease their required payments.
Despite ample borrowing in response to the pandemic, the debt burden is far lower in the United States. From 2019 to 2021, the U.S. government spent five times as much on health care as it did on interest and two-and-a-half times as much on education.In Germany, where government debt is lower than in the United States, the government devotes 10 times as much revenue to health or education as it does to interest payments.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Zelensky says World War III fear ‘logical’ as NATO holds off on admitting Ukraine“Ukraine cannot be a member nation to NATO as long as the war continues,” Zelensky conceded after blasting the alliance for not offering membership.
Leer más »
'Everyone knows John McCain in Ukraine': Arizona groups continue late senator's work in UkraineThe Arizona Defense and Industry Coalition takes inspiration from the late Sen. John McCain, an unwavering friend of Ukraine.
Leer más »
Jack Ma's tiff with China led to his wealth tanking by half since 2020Jack Ma's run-in with Beijing not only saw him disappearing for over 2 years, it led to his wealth tanking by half and cost his companies hundreds of billions
Leer más »
Portland officer issues apology for hitting photographer during 2020 racial justice protestIn the video statement, Officer Corey Budworth said the force he used against independent photographer Teri Jacobs during a protest could have been avoided.
Leer más »
Portland police officer apologizes for hitting photographer during a 2020 protest over George Floyd’s deathA police officer who used a baton to hit a photographer in the head during a 2020 racial justice protest in Portland, Oregon, has issued a video apology.
Leer más »