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World Bank: Emerging economies must grow ‘much faster’ to repay debt

By Inquirer - 9 months ago
LONDON  —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. However, some riskier issuers have started to tap

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