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World Bank says 40% of low-income countries failed to publish any figures in past two years
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The World Bank yesterday highlighted the fact that an absence of data in 40% of low income countries has meant that tackling debt has become increasingly difficult. This comes at a time when many developing economies have had to take on more debt to tackle the coronavirus pandemic.
A lack of perfect information will make life difficult for investors in these economies, and for their governments too, if they are unable to have clear sight of the extent of their debt repayments.