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165 million people fell into poverty between 2020 to 2023 as debt servicing crowded out social protection, health and education expenditures

Over the past three years, poverty rates in poor countries have surged, with the number of additional individuals living on less than $3.65-a-day reaching 165 million by 2023 according to a new policy brief from the United Nations Development Programme. ....

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UNDP: Multilateral financial system must address debt restructuring at speed & scale

UNDP: Multilateral financial system must address debt restructuring at speed & scale
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Rival debt plans hold up new finance | Article Preview

The UN s ambitious plan to tackle multilateral and commercial debt faces formidable geopolitical obstacles, Conflicting plans to address the developing economy debt crisis will be demanding urgent attention, along with proposals to boost climate finance and for thoroughgoing institutional reform at the IMF and World Bank s Spring Meetings in Washington DC on 10-16 April.
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