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Repeated currency devaluations deepen poverty —Ex-World Bank chief

…borrowing could complicate debt restructuring FORMER World Bank President David Malpass has said that repeated currency devaluations are deepening poverty in developing countries, as falling exchange rates drive up the cost of food, fuel and medicine while eroding the value of pay and pensions. He also warned that Nige…

world-news by nigerianewsfeed · 1 mon ago · 0 comments · 16 views
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