🔴 Developing Countries' Debt 🔥💣

415 billion dollars is the interest paid by countries in one year 💸

The total external debt of developing countries amounts to 8.9 trillion dollars (, including 1.2 trillion for low-income countries ).

Developing countries restructured external debt worth 90 billion dollars in 2024, the largest amount since 2010.
With new bond financing of 80 billion dollars at a high interest rate of 10% (.

The latest report issued by the World Bank on international debt revealed that developing countries paid 741 billion dollars to repay their external debt principal and interest, an amount that far exceeds the new financing they received between 2022 and 2024.
And this gap is the largest in 50 years. )$BTC