Climate, developmental goals can push 47 emerging markets & developing economies to insolvency by 2028
India, April 16 -- IMF and World Bank debt analyses grossly underestimate sustainability problems, finds new report
Debt service payments from emerging markets and developing economies (EMDE), excluding China, are projected to reach a new peak in 2024. The situation is expected to deteriorate over the next five years, with approximately 47 of these economies predicted to default on their loans if they prioritise investments in internationally agreed climate and development objectives, according to a new report .
The report from the Debt Relief for a Green and Inclusive Recovery (DRGR) Project, a collaborative effort between multiple institutions aimed at tackling sovereign debt crises, conducted an enhanced debt sustainability analysis ...
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