Developing countries and external debt: What is wrong?
LAST DECEMBER, the World Bank published its annual report on international debt (https://www.worldbank.org/en/programs/debt-statistics/idr/products). The report indicates that, in 2022, the developing countries spent $443 billion on debt-service repayment (principal plus interest) of their external...
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oai:animorepository.dlsu.edu.ph:res_aki-11892024-03-22T06:14:22Z Developing countries and external debt: What is wrong? Felipe, Jesus Perez Montiel, Jose Antonio LAST DECEMBER, the World Bank published its annual report on international debt (https://www.worldbank.org/en/programs/debt-statistics/idr/products). The report indicates that, in 2022, the developing countries spent $443 billion on debt-service repayment (principal plus interest) of their external public and publicly guaranteed debt, 5% more than in 2021. These payments are expected to rise in 2023 and 2024 due to the increase in interest rates. The report indicates that debt levels and high interest rates have set many countries on a path to crisis. 2024-01-01T08:00:00Z text application/pdf https://animorepository.dlsu.edu.ph/res_aki/188 https://animorepository.dlsu.edu.ph/context/res_aki/article/1189/viewcontent/DLSU_AKI_Policy_Brief__2024_01_023.pdf Angelo King Institute for Economic and Business Studies (AKI) Animo Repository Philippines Developing Countries External Debt Behavioral Economics Finance Growth and Development |
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Philippines Developing Countries External Debt Behavioral Economics Finance Growth and Development |
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Philippines Developing Countries External Debt Behavioral Economics Finance Growth and Development Felipe, Jesus Perez Montiel, Jose Antonio Developing countries and external debt: What is wrong? |
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LAST DECEMBER, the World Bank published its annual report on international debt (https://www.worldbank.org/en/programs/debt-statistics/idr/products). The report indicates that, in 2022, the developing countries spent $443 billion on debt-service repayment (principal plus interest) of their external public and publicly guaranteed debt, 5% more than in 2021. These payments are expected to rise in 2023 and 2024 due to the increase in interest rates. The report indicates that debt levels and high interest rates have set many countries on a path to crisis. |
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text |
| author |
Felipe, Jesus Perez Montiel, Jose Antonio |
| author_facet |
Felipe, Jesus Perez Montiel, Jose Antonio |
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Felipe, Jesus |
| title |
Developing countries and external debt: What is wrong? |
| title_short |
Developing countries and external debt: What is wrong? |
| title_full |
Developing countries and external debt: What is wrong? |
| title_fullStr |
Developing countries and external debt: What is wrong? |
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Developing countries and external debt: What is wrong? |
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developing countries and external debt: what is wrong? |
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Animo Repository |
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2024 |
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https://animorepository.dlsu.edu.ph/res_aki/188 https://animorepository.dlsu.edu.ph/context/res_aki/article/1189/viewcontent/DLSU_AKI_Policy_Brief__2024_01_023.pdf |
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