Global economic growth hampered by debt burden., but new initiatives offer some hope
Massive external debt-presently estimated at 1.3 trillion-remains at the heart of the continuing economic woes suffered by some 70 UN Member States. The General Assembly lamented this seven-year crisis of developing countries, noting the "serious social consequences" and "unsatisfactory rates of growth of output and development" that accompany the debt burden.
A 14-paragraph resolution ...