Two-thirds of external ‘debt service at risk’ is not covered by current relief initiatives, putting at risk years of progress on poverty and the future resources needed to deal with climate change
New UNDP study reveals the magnitude of limited debt relief eligibility for developing economies undp.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from undp.org Daily Mail and Mail on Sunday newspapers.
Posted on April 1, 2021
New UNDP study reveals the magnitude of limited debt relief eligibility for developing economies
Two-thirds of external ‘debt service at risk’ is not covered by current relief initiatives, putting at risk years of progress on poverty and the future resources needed to deal with climate change
Photo: UNDP Viet Nam/Tran Vinh Nghia
Washington Bold new mechanisms are urgently needed to help low- and middle-income countries address crippling debt, sharply worsened by the COVID-19 pandemic, threatening vital investment to tackle poverty and climate change for years to come, the United Nations Development Programme (UNDP) says in a new report. The study, published today, echoes a call by the UN Secretary-General for more aggressive moves to fight debt distress in countries lacking resources to manage it.