Six Pacific countries at high risk of debt distress – World Bank
(REUTERS/PACNEWS) SIX Pacific countries are at a high risk of debt distress in part due to government spending to respond to the COVID-19 crisis, the World Bank said in a report on Thursday. The report, titled Raising Pasifika, said fiscal consolidation was needed in Kiribati, Republic of the Marshall Islands (RMI), Federated States of Micronesia…