World Bank's Malpass: Debt Relief Efforts Have Stalled

The video discusses the global economic challenges posed by rising interest rates and currency depreciation, which lead to inflation and loss of international reserves. It highlights the stalled efforts in reducing unsustainable debt, as seen in the recent G20 meeting. However, there is hope for debt relief for countries like Zambia, which could alleviate poverty and instability if implemented effectively.

What was the outcome of the recent G20 meeting regarding debt relief?

What are the potential consequences of not addressing debt in developing countries?