Read this in The Manila Times digital edition.
WASHINGTON, D.C.: Most countries, especially developing economies, face growing risks from financial fragility due to Covid-19 crisis and non-transparent debt, the World Bank said Tuesday (Wednesday in Manila), urging policymakers to focus on creating healthier financial sectors.
"Risks may be hidden" because the balance sheets of households, businesses, banks and governments are tightly interrelated, according to the World Development Report 2022: Finance for an Equitable Recovery.
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