UN Secretary-General Issues Stark Warning on Developing World Debt: Too Little’s Been Done and Now It’s Too Late

United Nations Secretary-General Antonio Guterres issued a dark warning on Monday that too little had been done to resolve the burgeoning debt crisis in developing countries what has been so far is “too limited in scope and too late.”

Guterres told the Financial Times that because only six countries last year defaulted on their debts that it provided an “illusion” of stability and a “misperception of the seriousness of the situation.”

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by Eric Olander

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