Browsing: debt crisis

With $921B in interest paid by developing countries, UNCTAD calls for trade stability, lower debt costs, and digital inclusion at UNGA80.

US Treasury Secretary Scott Bessent’s absence at G20 fuels fears of an American retreat from the IMF and World Bank, raising concerns over global financial stability.

The United States is facing a potential global economic crisis as it approaches a catastrophic default on its $31.46 trillion…