UN: “Great finance divide” amid COVID-19 poses major setback for sustainable development
According to a new report launched by the United Nations, the crippling cost of debt financing for many developing countries has hamstrung their recovery from the COVID-19 pandemic, forced cutbacks in development spending, and constrained their ability to respond to further shocks. The 2022 Financing for Sustainable Development Report: Bridging the Finance Divide finds that while rich countries were able to support their pandemic recovery with record sums borrowed at ultra-low interest rates, the poorest countries spent billions servicing debt, preventing them from investing in sustainable development.
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| Format: | Press release biblioteca |
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| Language: | eng |
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2022-04
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| Online Access: | https://hdl.handle.net/10855/47780 |
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