World Bank expects debt crisis to continue to worsen in 2022

WASHINGTON, April 18 (Xinhua) -- Due to high debt and deficit levels, countries are "under severe financial stress," and the debt crisis is expected to "continue to worsen" in 2022, World Bank Group President David Malpass said on Monday.

Noting that debt is one of the two big problems facing global growth, Malpass said at a Spring Meetings media roundtable that 60 percent of low-income countries are already in