Developing countries spent a record $443.5 billion to service their external public and publicly guaranteed debt in 2022, according to the World Bank. This has led to concerns about the impact on critical sectors such as health and education. The International Monetary Fund reported that global public debt has tripled since the mid-1970s, reaching 92% of the world's combined gross domestic product, while private debt has tripled to 146% of GDP by the end of 2022.
"According to the International Monetary Fund, global public debt has tripled since the mid-1970s to reach 92% of the world’s combined gross domestic product (more than $91 trillion) by the end of 2022. Since 1960, private debt has tripled to 146% of GDP (or close to $144… https://t.co/pbq2lcRU6J
🇺🇸 United States government debt 1st of January, 2000: $5.6 trillion 1st of January, 2010: $12.3 trillion Now: $33.9 trillion
Developing countries spent record $443.5 bln to service public debts in 2022- World Bank https://t.co/fvmmJBJxm1 https://t.co/WTcOEoWHvL
⚠️ DEVELOPING COUNTRIES SPENT RECORD $443.5 BILLION TO SERVICE PUBLIC DEBTS IN 2022- WORLD BANK Developing countries spent nearly half a trillion dollars to service their external public and publicly guaranteed debt in 2022, draining funds from critical health, education and… https://t.co/pYDi8hDoOa https://t.co/SpiMoXX4wC
⚠️ DEVELOPING COUNTRIES SPENT RECORD $443.5 BILLION TO SERVICE PUBLIC DEBTS IN 2022- WORLD BANK
Poor countries’ debt costs to hit ‘crisis’ levels, says World Bank https://t.co/dy5B7uOohb
Share of the world's 🌎🌍🌏 debt by country https://t.co/tIxzEPtlUh