'Blend' countries pay billions extra as access to cheap multilateral loans narrows

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0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',a=n._store.getNotifications(),r=n._generatePanelMarkup(o,a),i.innerHTML=r;break;case"error_panel":r=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=r}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(P))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),j=function(){function e(t,n,o){E(this,e);var i=this;i._store=n,i._view=o,i._config=t;var r=i._config.panel;i._panelParentNode=document.querySelector(r.parentSelector),i._badgeNode=i._config.badge.selector&&document.querySelector(i._config.badge.selector),i._indicatorNode=r.indicatorSelector&&document.querySelector(r.indicatorSelector)}return C(e,[{key:"createPanelParentNode",value:function(){this._view.createPanelParentNode(this._panelParentNode),this._notifPanelNode=document.getElementById(P)}},{key:"refreshPanelNode",value:function(e,t){var n=this;M(n._notifPanelNode,B),n._store.fetchNotifications(e,(function(e,o){var i=window.wafer&&window.wafer.base;i&&i.destroy(n._notifPanelNode),e?n._notifPanelNode.innerHTML||(n._view.render("error_panel"),M(n._notifPanelNode,B)):(n._view.render("expanded_panel"),n._view.updateBadgeNode(n._badgeNode),n._showBadge(),n._showIndicator(),n._view.addStyles(o.css)),I(n._notifPanelNode,B),i&&i.sync(n._notifPanelNode.parentNode),t&&t(e,o)}))}},{key:"resetBadge",value:function(){var e=this;e._store.resetNewCount(),e._view.updateBadgeNode(e._badgeNode),M(e._badgeNode,e._config.badge.hideClass)}},{key:"_showIndicator",value:function(){this._indicatorNode&&(this._store.getNotifications().newCount?M(this._indicatorNode,this._config.panel.indicatorClass):I(this._indicatorNode,this._config.panel.indicatorClass))}},{key:"_showBadge",value:function(){var e=this;e._store.getNotifications().newCount?I(e._badgeNode,e._config.badge.hideClass):M(e._badgeNode,e._config.badge.hideClass)}}]),e}(),F={promos:{eligibleBodyClass:"display-push-promos",enableNotifOnboard:!0,bypassEligibleClassCheck:!1,notifOnboardBtnLabel:"Notify Me",notifOnboardMsg:"Get alerts for breaking news and top stories",promoLogo:"https://s.yimg.com/cv/apiv2/ae/news/circle_bell.png",showYahooLogo:!0,subscriptionTopic:"gondor_homerun_news"},badge:{hideClass:"",maxCount:5,selector:""},panel:{emptyPanelMsg:"You have no new 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Tuesday.The study by ONE ‌Data, the research and data arm of anti-poverty advocacy group ONE, and The Rockefeller Foundation looks at the rising cost of ​borrowing for low- and lower middle-income countries.Facing the biggest squeeze are the ten so-called "blend" countries including Kenya, Ghana, Senegal and Bangladesh that straddle the gap between the poorest nations and wealthier developing economies. Blend countries are eligible to borrow from both the World Bank's market-rate lending arm and its concessional lending ‌arm.According to the research, blend countries ⁠could have saved up to $20.8 billion over 2020-2024 had they been able to finance $40.6 billion in sovereign bond issuance through cheaper MDB lending windows, the report ⁠found.However, they borrow at significantly higher costs from international bond markets, while concessional lending options remain limited in both volume and flexibility, the report said.Rising borrowing costs are eroding governments' ability to fund healthcare and ​social protection, ​the study found.The study found that many countries turn ​to international bond markets not only ‌because development bank financing is constrained, but also to preserve creditworthiness and market access.Inefficiencies within multilateral development banks compound the problem: a survey of 650 government and bank officials across 125 countries found that while more than 80% want predictable and flexible finance, only about two-thirds believe development banks deliver it effectively.The main source of concessional financing is the International Development Association, an arm of the ‌World Bank Group that is funded by voluntary contributions from ​wealthy donor nations. Aid cuts, particularly from North American and ​European donors, have put pressure on its ​replenishment."Every year that IDA is underfunded, every month that restructuring is delayed, ‌every loan that is slowed down by bureaucratic ​processes adds up to ​resources that do not reach schools or clinics or power grids," the authors said.The report recommends expanding MDB lending capacity, expediting loan processes and safeguarding IDA funding. It notes the ​G20's Capital Adequacy Framework could unlock $300-$400 ‌billion in new lending headroom, while recent announcements from credit rating agency S&P could ​unlock a further $600-$800 billion — all without requiring new contributions from shareholder governments.(Reporting by Colleen ​Goko; Editing by Karin Strohecker and Janane Venkatraman)Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersORCL Oracle Corporation 163.35 +7.73 (+4.97%)BTC-USD Bitcoin USD 75,180.13 +2,760.01 (+3.81%)BE Bloom Energy Corporation 213.18 +36.51 (+20.65%)GSAT Globalstar, Inc. 80.20 +7.31 (+10.03%)WFC Wells Fargo & Company 81.91 -4.73 (-5.46%)PortfolioSign in to access your portfolioSign inTop gainersXNDU Xanadu Quantum Technologies Limited 15.65 +4.16 (+36.09%)TVTX Travere Therapeutics, Inc. 41.10 +10.40 (+33.88%)BE Bloom Energy Corporation 213.19 +36.52 (+20.67%)IONQ IonQ, Inc. 35.80 +6.04 (+20.28%)CRDO Credo Technology Group Holding Ltd 156.86 +22.50 (+16.75%)Top losersKMX CarMax, Inc. 42.52 -6.57 (-13.38%)FSLY Fastly, Inc. 21.86 -2.52 (-10.32%)FLY Firefly Aerospace Inc. 35.43 -3.37 (-8.68%)CAR Avis Budget Group, Inc. 339.99 -31.02 (-8.36%)ASTS AST SpaceMobile, Inc. 91.35 -7.62 (-7.70%)Most activeHOLX Hologic, Inc. 76.01 +76.01 (0.00%)NVDA NVIDIA Corporation 193.22 +3.91 (+2.07%)INTC Intel Corporation 63.01 -2.19 (-3.36%)AAL American Airlines Group Inc. 12.14 +0.91 (+8.10%)NOK Nokia Oyj 10.51 +0.14 (+1.35%)Top economic eventsEarnings eventsMy earnings eventsEarnings events