Debt woes of European countries’ can affect the developing world, according the World Bank Chief Economist Justin Yifu Lin. The official said European governments need to resolve their debt problems soon to avoid a trickle-down of the region’s problems on developing countries, Reuters reports.

About the author

  • Ivy mungcal 400x400

    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.