CMC:- The World Bank says the debt of low-income countries, including those in the Caribbean, rose to a record US$860 billion last year. The Washington-based financial institution said while governments around the world responded to the coronavirus (COVID-19) pandemic with massive fiscal, monetary and financial stimulus packages, the resulting debt burden of the world’s low-income countries rose 12 per cent. According to a new World Bank report, even before the pandemic, many low- and middle-income countries were in a vulnerable position, with slowing economic growth and public and external debt at elevated levels. The report says external debt stocks of low-
