Reported about 1 year ago
The Paris Club of rich creditor nations reported in its 2023 annual report that the risk of the debt crisis that has overshadowed the global economy for four years is starting to diminish. The group cited a shift in tide as debt defaults are decreasing, with Sub-Saharan African countries returning to Eurobond markets, stabilization in low-income country debt levels, and a potential peak in global interest rates. However, concerns remain regarding debt talks for the world's poorest countries, the transparency of debt negotiations, and China's complicated lending practices to low-income nations.
Source: YAHOO