ðŸ‡ðŸ‡° English, 20 October 2026, AI boom
Energy-importing economies face harder road
Lower-income economies struggle to pay for energy due to rising costs and drained foreign exchange reserves.
The IMF expects global economic growth of 3.1% this year and 3.4% the next, but energy-importing and lower-income economies are at risk.
According to the World Bank’s International Debt Report, low- and middle-income countries paid $741 billion more in debt repayments and interest than they received in new external financing between 2022 and 2024.
Those riding the artificial intelligence boom, however, fare relatively well compared to these vulnerable economies.