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Jan 12, 2023

Weighed down by debt

From the BBC World Service: The International Monetary Fund says it’s increasingly concerned that many low-income countries are at risk of default, caught out by the rise in interest rates. We take a look at what has happened in two countries that have already defaulted – Lebanon and Sri Lanka. Plus, in France large-scale strikes by medical staff including family doctors have become a regular feature since Christmas. Funding reforms are now being introduced to break what President Macron called a “sense of endless crisis”.

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People line up in front of a bakery to buy bread in Lebanon's southern city of Sidon in June 22, 2022 as a fuel and wheat shortage deepened. -
People line up in front of a bakery to buy bread in Lebanon's southern city of Sidon in June 22, 2022 as a fuel and wheat shortage deepened. -
Photo by MAHMOUD ZAYYAT/AFP via Getty Images

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