Developing countries’ debt outflows hit 50-year high during 2022-2024

Developing countries paid out $741 billion more in principal and interest on their external debt than they received in new financing between 2022 and 2024—the largest gap in at least 50 years, according to the World Bank’s latest International Debt Report released today. Still, most countries gained some breathing room on their debt last year as interest […]

Source: www.myjoyonline.com

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