Covid pandemic has pushed poor countries to record debt levels – World Bank
‘Tragic reversal’ has set back progress, president says, as he calls for a comprehensive plan
The Covid-19 pandemic has led to a “tragic reversal” in development and pushed debt in poor countries to record levels, the head of the World Bank has said.
David Malpass, the bank’s president, warned the virus had widened the gap between rich and poor nations, setting back progress by years and, in the case of some countries, by a decade.
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