‘Catastrophic consequences for people’s lives’: Debt crisis looming for developing world due to Covid response, UN chief warns

The world faces

The world faces severe problems of debt sustainability in the wake of the coronavirus crisis that have not been properly understood or addressed, United Nations (UN) Secretary-General Antonio Guterres told the Financial Times.

“The response to Covid and to the financial aspects [of the crisis] has been fragmented, and geopolitical divides are not helping,” Guterres said, adding “It has been too limited in scope and too late.” 

Continue reading https://on.rt.com/b4tr