Article 56Z9Z Debt in developing countries has doubled in less than a decade

Debt in developing countries has doubled in less than a decade

by
Larry Elliott Economics editor
from on (#56Z9Z)

Jubilee Debt Campaign reveals sharp rise in number of countries in distress since 2018

Developing nation debt has more than doubled in the past decade and left more than 50 countries facing a repayment crisis, according to a campaign group.

Data from the Jubilee Debt Campaign shows that even without taking full account of the impact of the coronavirus pandemic, there has been a sharp jump in the number of poor countries in debt distress since 2018.

Country-by-country annual external government debt payments, as a percentage of government revenue.

The extent to which a whole country (public and private sector) was a net financial creditor or debtor to the rest of the world.

The size of a country's private external debt.

How much a country was paying to and earning from the rest of the world each year (its current account balance).

IMF debt risk ratings.

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