UNCTAD Issues Critical Warning: Global Debt Rises to $111 Trillion - Dünya Newspaper
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More than 3.7 billion people pay account for the debt crisis; Unctad reveals that poor nations pay twice as much interest as rich countries; with fair rates, the economy would be $500 billion annually, which would reach 1.3 million health posts. Source of original article: United Nations / United Nations (news.un.org). [...]
GENEVA – Developing countries’ debt is growing faster than in developed countries and must pay interest for it at a rate that is more than twice that of industrialized nations, warned a report by UN Trade and Development (Unctad) published on Wednesday 7. World public debt continued to increase [...]
According to a new report by the United Nations Conference on Trade and Development (UNCTAD), global public debt rose from $49 trillion in 2010 to $111 trillion in 2025. The report states that increasing borrowing costs are putting increased pressure on essential spending, such as health and education, in developing countries.
UNCTAD has warned that rising borrowing costs are restricting health and education resources in developing countries. According to the report, in 51 countries with 3.7 billion people, interest payments have exceeded health or education spending; these countries will have paid $1 trillion in net interest by 2025.
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