Business · Economy · 1 hr ago

Rising debt costs squeeze developing nations’ investment in growth

Rising debt costs squeeze developing nations’ investment in growth

Rising debt payments are limiting developing countries’ investment in growth.

Christina Segal-Knowles, managing director for international policy at the Rockefeller Foundation, raised the issue in an interview in Bangkok.

Countries must use money to service debt, leaving less available for investment.

She called for better coordination with creditors.

Without it, new financing could be swallowed up by debt repayments instead of supporting growth.

The sources do not specify what steps creditors or governments may take next.

1 source

Related