WASHINGTON — The world’s 26 poorest countries, home to 40 percent of the most poverty-stricken people, are more in debt than at any time since 2006 and increasingly vulnerable to natural disasters and other shocks, a new World Bank report showed on Sunday.
The report finds that these economies are poorer today on average than they were on the eve of the Covid-19 pandemic, even as the rest of the world has largely recovered from Covid and resumed its growth trajectory.
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