EconomyPolitics

Debt of poorest countries at record $9.4tn high, World Bank data shows

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 05/11/2026, 14:35:26 UTC.

Briefings

World Bank data indicates developing countries' external debt servicing costs reached a record $9.4 trillion last year, with the poorest nations bearing the highest interest rates since the late 1980s. The UK government plans to launch a new debt initiative during its G20 presidency, which the Prime Minister has connected to addressing historical slavery legacy.

Key points

• Developing countries' external debt servicing costs reached a record $9.4 trillion last year, with the poorest nations bearing the highest interest rates since the late 1980s.
• The UK government plans to launch a new debt initiative during its G20 presidency, which the Prime Minister has connected to addressing historical slavery legacy.

Context

World Bank data indicates developing countries' external debt servicing costs reached a record $9.4 trillion last year, with the poorest nations bearing the highest interest rates since the late 1980s. The UK government plans to launch a new debt initiative during its G20 presidency, which the Prime Minister has connected to addressing historical slavery legacy.

Limitations

Evidence is limited to World Bank data covering external debt servicing costs and interest rates for developing countries. Specific country names, exact interest rate percentages, and the precise timeline of the UK government's G20 presidency initiative are not detailed in the source.

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