Over 50 countries close to debt default – UN ...News

Talks with G20 on relief for borrowers are reportedly “not advancing at all” With talks of G20 finance ministers in India stalling on the subject of debt relief, the UN Development Programme (UNDP) has raised the alarm about the plight of developing countries. This follows last week’s UN report about the catastrophic levels of public debt affecting almost half the globe. G20 representatives met on Monday in Gandhinagar, Gujarat but made little to no progress in discussions about restructuring the debt held by developing nations, AP reported. “I think the bottom line is, as of [July] 2023, the issue of debt restru

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