UNCTAD says many developing nations in debt crisis, calls for debt restructuring

The Secretary-General, United Nations Conference on Trade and Development (UNCTAD), Rebeca Grynspan, has called for discussions at the international level to help find the right solutions for debt restructuring in many developing countries including middle-income countries.

This as she raised the alarm that many developing and middle-income countries are in a debt crisis.

Grynspan’s concerns were contained in the 2023 Trade and Development Report which was addressed in a press statement late Wednesday as published on the UNCTAD website.