Going green: Developed economies must help poorer nations if growth is to be inclusive

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Debt servicing costs rose sharply, with the median interest payment burden doubling to about 10% of revenue between 2011 and 2018. Picture: iStock
Debt servicing costs rose sharply, with the median interest payment burden doubling to about 10% of revenue between 2011 and 2018. Picture: iStock

Developed nations will have to step up to ensure that the Covid-19 pandemic does not reverse "decades of progress" that was made in the fight against poverty and the closing of income gaps between rich and poor countries, US Treasury secretary Janet Yellen said.

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