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Debt in Developing Economies Growing at Fastest Pace in 50 Years
Foreign Affairs
Debt in Developing Economies Growing at Fastest Pace in 50 Years
2020-01-08 21:27:15
by Dan McCue

WASHINGTON - Debt in emerging and developing countries climbed to a record $55 trillion in 2018, the result of an eight-year surge that has been the largest and fastest in nearly 50 years, a study by the World Bank says.... Read More

Top World Bank Official Tapped As New Chief at International Monetary Fund
Finance
Top World Bank Official Tapped As New Chief at International Monetary Fund
2019-09-27 20:51:34
by Dan McCue

WASHINGTON - Kristalina Georgieva, a Bulgarian economist and top World Bank official, has been named the new head of the International Monetary Fund. She succeeds Christine Lagarde who is stepping down to take over as head of the European Central... Read More

World Bank Downgrades Forecast for Global Economy
Finance
World Bank Downgrades Forecast for Global Economy
2019-06-06 00:01:15
by Dan McCue

The global economy has slowed to its lowest pace in three years, the World Bank said Tuesday, attributing the sluggishness to trade disputes, a slowdown in international investment and unexpectedly soft growth in Europe and other large economies. As a... Read More

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