The Guardian Australia
·general
·1 hour ago
UN report finds cutting borrowing costs frees $900 billion for development
A UN report released in Oslo today found that cutting borrowing costs for the world's poorest countries could free up $900 billion annually for development. The G77 developing nations currently spend $8 trillion yearly servicing debts, equivalent to 35 percent of government spending.
Summary by Glance · The Guardian Australia
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