Low and middle-income nations spent $443.5 billion on principal and interest in 2022, says global lender. Many defaulted in recent years.
Chief David Malpass discusses the obstacles facing developing nations, including a scarcity of investment capital and loans from the rich world.
We explain why rising debt payments owed by low-income countries are a U.S.-China issue.
Rahul Tongia of the Brookings Institution argues that a swift, large-scale energy transition is unrealistic for poor countries, and unnecessary.
Developing nations see worsening debt challenges due to the war in Ukraine.
The United Nations’ index of global food prices rose 12.6% in March, increasing the risk of hunger in the developing world.
The aim: Making access to the company’s COVID vaccine more equitable.
Inequalities between and within countries could widen in 2022, World Bank President David Malpass warns.
Zanny Minton Beddoes of the Economist says a lack of virus protection could hinder many nations’ economic recoveries.
One think tank CEO says the G-7 summit is a moment to envision an economic restructuring similar in scale to that of post-WWII.
