Developing Countries Face Record Debt Costs

What was the record debt servicing cost for developing countries last year according to the World Bank?

• $1.4 trillion

• $951 billion

• $406 billion

• $1 trillion

The World Bank's report was published on which day?

• Monday

• Tuesday

• Wednesday

• Thursday

Developing countries are facing fiscal crises and struggling to avoid what?

• Default

• Inflation

• Unemployment

• Trade deficits

What is the potential consequence for poor countries without debt relief, as mentioned in the report?

• Economic 'purgatory'

• Trade surplus

• Technological advancement

• Political stability

The World Bank's report focuses on which group of countries?

• Developed countries

• Developing countries

• European countries

• Asian countries

Which countries were in default according to Fitch Ratings in 2023?

• A) Belarus, Ghana, Lebanon, Sri Lanka, and Zambia

• B) India, China, Brazil, Russia, and South Africa

• C) USA, UK, Germany, France, and Italy

• D) Japan, South Korea, Australia, New Zealand, and Canada.

What did Treasury Secretary Janet L. Yellen describe as 'opaque'?

• China's lending practices

• The World Bank's policies

• The I.M.F.'s estimates

• The United Nations' reports.

What did Ms. Yellen call for in her interview with The New York Times?

• Increasing taxes

• Accelerating debt relief

• Reducing trade barriers

• Enhancing military cooperation.

The process of helping developing countries restructure their debt has been described as:

• Quick and easy

• Slow and painstaking

• Unnecessary

• Completed

What did Mr. Gill argue was needed for developing countries to spur economic growth?

• More natural resources

• Increased military spending

• Investment attraction

• Political reforms