TOKYO -- Developing countries are under rising pressure from their debt loads as new flows of credit from China and the private sector dry up.
Situation could have long-term global consequences, World Bank chief economist says

Children attend school in Lagos, Nigeria. High debt burdens put funding for education at risk in lower-income countries. (Photo by Satoshi Shimoda)
TOKYO -- Developing countries are under rising pressure from their debt loads as new flows of credit from China and the private sector dry up.