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Debt, fiscal challenges facing low-income countries worry IMF

WASHINGTON (Reuters) -Shareholders of the International Monetary Fund agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday. Multiple reports from the IMF and the World Bank this week sounded the alarm about economic developments and prospects in low-income developing countries, which are still grappling with the aftermath of the COVID-19 pandemic and other shocks. The IMF lowered its 2024 growth forecast for low-income countries as a group to 4.7% from an estimate of 4.9% in January. ....

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Debt, fiscal challenges facing low-income countries worry IMF

Debt, fiscal challenges facing low-income countries worry IMF
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Debt, fiscal challenges facing low-income countries worry IMF

Debt, fiscal challenges facing low-income countries worry IMF
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Why Saudi Arabia is scaling back plans for its mega desert project Neom

Why Saudi Arabia is scaling back plans for its mega desert project Neom
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Humiliation for Saudi Arabia as it's 'forced to scale back $1.5trillion plans for 106-mile linear city to just 1.5miles with workers already being laid off at desert construction site'

Stunning concept images released by Saudi Arabia showed a vast, mirrored structure cutting through the desert near crystal blue ocean waters. It is not clear what the project will look like scaled back. ....

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