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Special Reports

World Bank Warns Indonesia of Challenges in Achieving High-Income Status by 2045

The World Bank has cast doubt on Indonesia’s ambition to become a high-income economy by 2045, outlining significant challenges that middle-income nations typically face in making such a leap. To achieve this target, which coincides with the country’s centenary of independence, Indonesia would need to sustain annual GDP growth of...
Banking and FinanceSpecial Reports

The Debt Crisis Weighing Down the World’s Least Developed Countries

Debt has become a mounting challenge for developing nations, particularly the least developed countries (LDCs). These nations face higher borrowing costs, weaker debt management capabilities, and limited representation in key international forums that address debt issues. The COVID-19 pandemic significantly worsened the financial situation for LDCs, driving up public debt,...
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