How Developing Countries Paid Record $1.4trn On Foreign Debt In 2023 – WBG 

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LAGOS – World Bank Group has said that developing countries spent a record $1.4 trillion to service their foreign debt as their interest costs climbed to a 20-year high in 2023, the World Bank’s latest International Debt Report shows.  According to the report, interest payments surged by nearly a third to $406 billion, squeezing the budgets […]
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