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How developing countries’ debt levels affect their people
Manage episode 491262211 series 2910805
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More than 3.3 billion people live in developing countries that spend more on interest payments than on education or health. Sovereign debt levels of developing economies are a threat to economic stability. At least 50 such countries spend more than 10% of their revenues on debt servicing, which is squeezing their finances and creating risks. In these countries, interest payments also outweigh climate investments, adding further risks to existing vulnerabilities. A UNCTAD report says global public debt hit a record high of $97 trillion in 2023, with developing countries accounting for $29 trillion. Their debt has grown twice as fast as the others’ since 2010. Please listen to the latest episode of All Indians Matter.
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Manage episode 491262211 series 2910805
Content provided by Bingepods and Ideabrew Studios. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bingepods and Ideabrew Studios or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
More than 3.3 billion people live in developing countries that spend more on interest payments than on education or health. Sovereign debt levels of developing economies are a threat to economic stability. At least 50 such countries spend more than 10% of their revenues on debt servicing, which is squeezing their finances and creating risks. In these countries, interest payments also outweigh climate investments, adding further risks to existing vulnerabilities. A UNCTAD report says global public debt hit a record high of $97 trillion in 2023, with developing countries accounting for $29 trillion. Their debt has grown twice as fast as the others’ since 2010. Please listen to the latest episode of All Indians Matter.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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Similar to All Indians Matter
Scheer Intelligence features thoughtful and provocative conversations with "American Originals" -- people who, through a lifetime of engagement with political issues, offer unique and often surprising perspectives on the day's most important issues.
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continue reading
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continue reading
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…
continue reading
The UK Column is an independent news organisation analysing the information war. Operating without financial backing or external investment, we remain free from advertisers, foundations, and political parties, relying solely on support from our audience through memberships and donations.
…
continue reading
Each week, Milan Vaishnav and his guests from around the world break down the latest developments in Indian politics, economics, foreign policy, society, and culture for a global audience. Grand Tamasha is a co-production of the Carnegie Endowment for International Peace and the Hindustan Times.
…
continue reading
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