Beware of robber banks (RB), bad advisors.
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$1 Trillion Debt Pardon Needed for Developing Economies, UN Says
Developing countries need about $1 trillion in debt canceled to free up funds to fight the coronavirus pandemic and avert a massive debt crisis, the United Nations said. Immediate payment waivers coupled with a debt overhaul will help countries stay solvent in the face of as much as $3.4 trillion in obligations due this year and next, according to the UN’s trade and development agency, UNCTAD. The total debt stock of developing countries -- external and domestic, private and public -- stood at 191% of gross domestic product by the end of 2018. “The Covid-19 shock only puts the spotlight on what had already been a ... (full story)
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- Apr 23, 2020 5:16pm Apr 23, 2020 5:16pm
- Not-KPMG
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- Apr 23, 2020 5:20pm Apr 23, 2020 5:20pm
- Not-KPMG
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Beware of robber banks (RB), bad advisors.
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- Apr 23, 2020 9:52pm Apr 23, 2020 9:52pm
- RossEdwards
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