26 poorest countries' debt-to-GDP ratio averages 72%, highest since 2006; international aid at a two-decade low.
A World Bank report reveals that the 26 poorest countries are experiencing their highest debt levels since 2006, with a debt-to-GDP ratio averaging 72%. These nations, which account for 40% of the world's extreme poverty, have seen international aid dwindle to a two-decade low. Despite receiving significant support from the International Development Association, they must enhance tax collection and public spending efficiency to combat chronic economic challenges.
October 13, 2024
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