Developing countries’ external debt hits record $9.4tn — World Bank
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External debt for developing countries reached a record $9.4 trillion in 2025. According to the World Bank, this increase was driven by higher interest rates. Increased private borrowing also contributed to the rising debt levels.
Developing countries’ external debt rose to a record $9.4tn in 2025 due to increased private borrowing and higher interest rates, the World Bank reports. Read More: https://punchng.com/developing-countries-external-debt-hits-record-9-4tn-world-bank/