Home /THE STRUGGLE OF LOW AND MIDDLE- INCOME COUNTRIES
THE STRUGGLE OF LOW AND MIDDLE- INCOME COUNTRIES
Submitted by christian on Sun, 06/19/2022 - 15:48
Across the world, low- and middle-income countries are struggling with the rising cost of their debt, sudden price increases for energy, fertilizer and food, and the likelihood of interest rate increases.
According to UNCTAD, there are 107 countries facing at least one of three shocks: rising food prices, rising energy prices or tighter financial conditions. All three shocks are being faced by 69 countries: 25 in Africa, 25 in Asia and the Pacific, and 19 in Latin America and the Pacific.
