The World Bank recently said that the growth of the global economy was somewhat lower than previously expected.
According to the financial institution, a "prolonged period of low growth and high inflation" is likely to occur, mainly in low-income countries.
Before this analysis, the World Bank had…
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poor countries
IMF announces debt relief for several countries
This week, the International Monetary Fund (IMF) announced the extension of debt relief to more than 28 countries in a terrible economic situation, and that have also been severely affected by the coronavirus.
Initially, the Trust for…
IMF and World Bank call for freezing debts to small countries
Through a statement, the International Monetary Fund (IMF) and the World Bank asked international creditors in the poorest countries to "freeze debt repayment."
The purpose of this is that these nations can face the consequences that the…