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- Reuters
World Bank: Emerging economies must grow 'much faster' to repay debt
LONDON (Reuters) -The World Bank warned that high borrowing costs have "changed dramatically" the need for developing nations to boost sluggish economic growth. The multilateral lender's latest warning comes as international bond sales from emerging market governments hit an all-time record of $47 billion in January, led by less risky emerging economies such as Saudi Arabia, Mexico and Romania. Kenya recently paid more than 10% on a new international bond - the threshold above which experts often consider borrowing unaffordable.
- The Guardian
China needs to do more on ‘silent crisis’ of debt, says World Bank official
Beijing must be more ready to support countries facing distress, says deputy chief economist
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