Post by UN Trade and Development (UNCTAD)

In 2024 alone, developing countries paid $384 billion in interest on external debt. Over the past decade, their interest payments rose by 102%, while government revenues grew by only 39%. High borrowing costs on public debt are rapidly eroding fiscal space and constraining sustainable development. What actions are needed at national and international levels? Explore UNCTAD’s analysis: https://ow.ly/sAfR50ZcQaI