UN Warns Developing Countries Priced Out of Affordable Finance, Harming Growth
The United Nations has warned that many developing countries face increasing difficulty in securing affordable finance essential for sustainable development, as sovereign credit rating systems often misrepresent their actual credit risk. Credit ratings, which influence the interest rates countries pay in international markets, tend to rely on outdated or incomplete data that overlook the countries’ long-term economic prospects. This mispricing forces these nations to pay more to borrow, restricting their ability to invest in critical development projects such as infrastructure, healthcare, and education. The deputy UN chief, delivering remarks on behalf of the Secretary-General at a special UN Economic and... [Continue Reading]
360LiveNews | 30 Mar 2026 23:57
