Thursday, 5 November 2026

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Debt of poorest countries at record $9.4tn high, World Bank data shows

Cost of servicing external debt is preventing developing countries from investing for futureDebt owed by developing countries rose to a record $9.4tn (£7tn) last year, with the poorest paying the highest interest rates since the late 1980s, World Bank data shows.The UK government is preparing to champion a “new drive on debt” as part of its presidency of the G20…

Cost of servicing external debt is preventing developing countries from investing for futureDebt owed by developing countries rose to a record $9.4tn (£7tn) last year, with the poorest paying the highest interest rates since the late 1980s, World Bank data shows.The UK government is preparing to champion a “new drive on debt” as part of its presidency of the G20…

Read the full story on Business | The Guardian

Source: Business | The Guardian

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