Tag: debt
Surging Debt Threatens Development Progress in Low-Income Countries
Ten years after the world embraced the Sustainable Development Goals (SDGs), progress is confronting unprecedented challenges. Among them is what United Nations...
Poorest Economies Face Rising Debt, Shrinking Aid, and Mounting Crises
The world’s 26 poorest economies, home to 40% of people living on less than $2.15 a day, are facing their worst debt...
Developing Economies: Poverty and Debt Challenges Persist
While many developing economies are experiencing robust growth, global poverty and debt challenges remain significant concerns. A recent report from UNDP highlights...
Soaring Global Public Debt: Reaching Record $92 Trillion in 2022
About 3.3 billion people now live in countries where debt interest payments are greater than expenditure on health or education even as the global public debt reached an all-time high of $92 trillion in 2022. This comes up in a report titled "A world of debt: A growing burden to global prosperity".
Developing Countries Buckling Under High Debt
Developing countries are buckling under high debt and exorbitant borrowing costs, hindering their economic and social progress and impeding their ability to achieve the Sustainable Development Goals (SDGs).
Poorest Countries Spend More Export Revenues for Paying Debt
The poorest countries now spend over a tenth of their export revenues for their long-term public and publicly guaranteed external debt—the highest...
