Unctad outlines reforms to avoid impending global public debt crisis
- June 5, 2024
- Infrastructure
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Global body UN Trade and Development (Unctad) has urged action to deal with the alarming surge of global debt and proposed reforms to international finance systems to safeguard “a prosperous future for people and planet”. A report published by Unctad on June 4 shows that global public debt hit a record $97-trillion in 2023, up by $5.6-trillion from 2022.
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