LONDON: Emerging countries will pay a record US$400 billion to service external debt this year, and nearly four dozen cannot spend the money they need for climate adaptation and sustainable development without risking default in the next five years, according to a report led by Boston University released on the...
FILE PHOTO: An aerial view shows a deserted and flooded traditional homestead following heavy rains in Garsen, Tana Delta within Tana River county, Kenya November 23, 2023.
A further 19 developing countries lack the liquidity to meet the spending targets without help, though they would not approach default thresholds. The report also presses the IMF to rejig the way it calculates debt sustainability - arcane-sounding assessments that are crucial to determining how much debt relief defaulted countries get.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Night at Orchard returns to feature emerging brands across the regionpstrongspanspanspanspanspanspanThe event will run from 3pm to 10pm on the last week of every month/span/span/span/span/span/span/strong/p pspanspanspanspanspanspanNight at Orchard will return on 29 March 2024 after a four-year hiatus.
Read more »
World economy ‘remarkably resilient’, driven by robust activity in US and emerging market economies: IMF ChiefMs Kristalina Georgieva spoke to CNA on the economic outlook of multiple economies in Asia, which she sees as a bright spot in a turbulent global economy.
Read more »
India, China need to find ways to return stability to disputed border: Foreign minister JaishankarWith China and India emerging as rising powers, challenge is to find the sustainable equilibrium.
Read more »
US takes on Apple’s iPhone monopoly in wide-ranging lawsuitApple is accused of making its products "worse for consumers to prevent competition from emerging”.
Read more »
Sydney mall stabbing rampage: Dying mother handed over baby to strangerStories of courage are still emerging from the April 13 attack.
Read more »
New Banksy mural appears in north LondonLONDON – A new artwork by British street artist Banksy has appeared in London, using green paint sprayed across the side of a building to mimic the foliage of a real, heavily pruned tree that stands a few metres in front of it. A photo of the mural was posted on...
Read more »