Debt of poorest countries hits record $9.4tn, World Bank reveals
The Irish Times · Eoin Burke-Kennedy ·
Interest paid on borrowings rose to highest rate since 1980s
The debt of developing countries rose to a record $9.4 trillion (€8.36 trillion) last year, the World Bank said.
The interest being paid on this debt also rose to the highest rate since the 1980s, it said.
In its annual international debt report, the World Bank said the jump in external debt in 2025 represented the largest annual increase since 2021 just after the pandemic.
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