Post by UN Trade and Development (UNCTAD)

Between 2014 and 2024, external debt service costs in developing countries rose much faster than debt stocks. As many governments rely on external financing to fund spending, pressure on public finances is mounting. During this period: • Government interest payments rose by 102%, while revenues increased by just 39%. • 99 developing countries lost fiscal space, limiting their ability to invest in priorities such as education, healthcare and infrastructure as rising interest costs crowded out public spending. Full analysis: https://ow.ly/ehAq50Zee7r