Tighter financial conditions are having a severe impact on developing nations due to rising interest rates, widespread inflation and the strength of the dollar, which increases costs to service debt. The challenge of interest rate increases for emerging markets are exacerbated by the interconnected global economy and financial markets. There has been a significant withdrawal of private support and investment in developing economies due to global economic stress factors, creating even more of a funding gap.
Download this white paper to read more about the role that development banks need to play in a fast-moving global economy.
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