IMF, World Bank meetings leave developing countries with more questions than answers
- IMF and World Bank meetings from October 12-18 left developing countries without clear answers to economic problems.
- Developing countries face rising debt, inflation, wars and fears of a possible artificial intelligence bubble.
- IMF chief Kristalina Georgieva said richer nations added to debt problems, while rising bond yields made loans costlier.
- • Developing countries spend 14% of government revenue on debt payments, over double the share from a decade ago.
Source: economictimes.indiatimes.com
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