World Bank economist warns countries against excessive borrowing
Delays in dealing with the growing debt burden in poor countries seem unlikely to be resolved by the G20, a top World Bank official warned.
As interest rates are starting to rise around the world, putting more pressure on borrowers, the Group of 20 finance ministers is due to meet in Indonesia this week.
World Bank chief economist Carmen Reinhart is skeptical there will be a resolution soon to help address unsustainable debts.
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– AFP