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UN agency calls for debt pause option as poverty rates rise

United Nations Development Programme Administrator Achim Steiner speaks during a news conference in Kabul, Afghanistan, on 29th March, 2022.

Geneva, SwitzerlandReuters A United Nations agency urged global finance ministers to give poor countries debt repayment breaks, estimating the COVID-19 pandemic and subsequent surge in inflation and borrowing costs had pushed an extra 165 million people into poverty. The UN Development Programme said the jump meant more than 20 per cent of the world’s population – around […]