Developing countries face record foreign debt costs: World Bank

The world’s developing countries paid a record $1.4 trillion to service their debts last year, as high lending rates pushed interest costs to a two-decade high, the World Bank said Tuesday. The poorest countries paid out more than $96 billion to service their debts, the Bank announced in its latest report on international debt, noting […]

The post Developing countries face record foreign debt costs: World Bank appeared first on Insider Paper.