Poorest countries will be $12tn worse off by 2025 due to Covid – UN

‘Over the past 40 years, we’ve witnessed the emergence of a full-blown rentier economy with global reach and an addiction to debt,’ says Richard Kozul-Wright, a director at Unctad. Photograph: Salvatore Di Nolfi/AP

‘Over the past 40 years, we’ve witnessed the emergence of a full-blown rentier economy with global reach and an addiction to debt,’ says Richard Kozul-Wright, a director at Unctad. Photograph: Salvatore Di Nolfi/AP

source https://www.theguardian.com/business/2021/sep/15/poorest-countries-will-be-12tn-worse-off-by-2025-due-to-covid-un