For many low- and middle-incomecountries (LMICs), the burden of publicdebt has become unsustainable. In2023, LMICs’ external debt reachedan all-time high of 8.8 trillion dollars.1The issue lies not only in the sheervolume of debt, but in the soaring costof servicing it. In 2023, LMICs paid arecord 1.4 trillion dollars in total debtservice, of which 225 billion in interestpayments alone. This financial pressureabsorbed 15 per cent of their exportrevenues and 4 per cent of their grossnational income.
Debt and Development for Low-and Middle-Income Countries:Two Faces of the Same Coin / Lunardini, Marianna; Vicinanza, Sara. - (2025).
Debt and Development for Low-and Middle-Income Countries:Two Faces of the Same Coin
marianna lunardini;
2025
Abstract
For many low- and middle-incomecountries (LMICs), the burden of publicdebt has become unsustainable. In2023, LMICs’ external debt reachedan all-time high of 8.8 trillion dollars.1The issue lies not only in the sheervolume of debt, but in the soaring costof servicing it. In 2023, LMICs paid arecord 1.4 trillion dollars in total debtservice, of which 225 billion in interestpayments alone. This financial pressureabsorbed 15 per cent of their exportrevenues and 4 per cent of their grossnational income.File allegati a questo prodotto
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