Developing countries pushed to rethink development and seek fresh funding, including private money
Heavy debt, higher costs to service it and a steep fall in official development assistance are behind the push, according to The Straits Times.
According to The Straits Times, developing countries, and the institutions that support them, are being pushed to rethink how development works and to look for fresh funding, including money from the private sector.
Three pressures are behind this: heavy debt, higher costs to service that debt, and a steep fall in official development assistance.
The report was datelined Bangkok, Oct 17.
