Public debt in low-income countries rising to risky levels – IMF
The fund recommends official creditors co-ordinate their response to debt crises
Public debt in low-income countries has increased over the last decade due to loose financing conditions, lower commodity prices, and higher spending, says a report published by the International Monetary Fund.
The turnaround in debt levels follows years of high economic growth and international interventions to write off a substantial part of the debt of developing nations over a decade ago. From the beginning of the century until 2013, the debt levels of developing countries declined to 33%
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