Much has been written about the looming debt crisis in low- and middle-income countries. A series of global shocks and a worsening climate crisis have created an unprecedented challenge for many of these countries and the global community. In 2021, countries that receive support from the World Banks International Development Association (IDA) owed nearly $1 trillion, with 61 percent of them either in debt distress or at high risk of debt distr…
Read the full article at: https://blogs.worldbank.org/opendata/supporting-debt-transparency-through-debtor-reporting-system-drs-and-sustainable