Developing countries’ external debt hits record $9.4tn — World Bank

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External debt owed by developing countries reached a record $9.4 trillion in 2025, according to the World Bank. Increased private borrowing and higher interest rates contributed to the rise.

Developing countries’ external debt rose to a record $9.4tn in 2025 due to increased private borrowing and higher interest rates, the World Bank reports. Read More: https://punchng.com/developing-countries-external-debt-hits-record-9-4tn-world-bank/