WIRE — warns Nigeria's collateral-backed 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 Nigeria's growing reliance on The post Repeated currency devaluations deepen poverty —Ex-World Bank chief appeared first on Tribune Online.
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