Archive for April 19th, 2022


High Cost of Debt Is Crippling Developing Nations: How Can We Bridge the Finance Divide?

Human Wrongs Watch


UNITED NATIONS, Apr 18 2022 (IPS)* – As the world is rocked by a confluence of crises, the global economic outlook for 2022 is becoming ever more uncertain and fragile. Prospects for sustainable development for all and achieving the Sustainable Development Goals (SDGs) by 2030 are bleak, particularly for developing countries.

A rainy day in the camps under COVID-19 lock-down, Maina IDP camp, Kachin, Myanmar. Credit: UNICEF/UNI358777/Oo.

While some, mostly developed countries, had access to cheap financing to cushion the socio-economic impacts of the pandemic and invest in recovery, many others did not.

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