Development banks should reform their lending practices - IPS
![Development banks should reform their lending practices - IPS](/content/images/size/w1200/2022/10/pexels-pixabay-50987.jpg)
Development Banks Should Reform Their Lending Practices
In the last week of September, emerging market (EM) bond fund outflows hit $4.2 billion, according to JP Morgan, bringing this year’s total to a record $70 billion. The exodus, set off by a rising U.S. dollar, is heaping pressure on low-income countries. The greenback’s rise has been fuelled by inte…
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