At the same time, today’s investment system favours projects in richer economies rather than developing nations, she continued, with one-off costs responsible for making one US dollar “three times more expensive in Zambia than in Zurich”....Echoing Grynspan’s concerns, the President of the General Assembly, Annalena Baerbock, warned that developing country debt reached $31 billion last year.This meant that instead of being able to invest in their people’s future “by building more schools or expanding healthcare facilities, many governments are instead spending precious funds on servicing debt."
