While the measures were aimed at addressing the outbreak, cushioning the impact on the poor and putting nations on a path to recovery, the resulting debt burden of low-income countries rose to a record $860billion.
The new International Debt Statistics 2022 report said an encompassing approach to managing debt is needed to help low- and middle-income countries assess and curtail risks and achieve sustainable debt levels. In 2020, net inflows from multilateral creditors to low- and middle-income countries rose to $117 billion, the highest level in a decade.
Source: Loan Digest (loandigest.net)
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