Reported about 6 hours ago
U.S. Treasury Undersecretary Jay Shambaugh has called for the IMF and multilateral development banks to implement innovative short-term liquidity measures to aid low- and middle-income countries facing debt pressures. With average debt service payments for low-income nations tripling in a decade, Shambaugh emphasizes the need for coordinated financial strategies that support sustainable development without compromising vital investments. He also criticized China's economic policies for potentially hampering the development pathways of other nations.
Source: YAHOO