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The World Bank in its latest International Debt Report, has revealed that developing nations spent an unprecedented $1.4 trillion on ...

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Developing countries spent a record $1.4 trillion to service their foreign debt as their interest costs climbed to a 20-year high in 2023, the World Bank’s latest International Debt Report shows.

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The World Bank's report reveals a staggering $1.4 trillion spent by developing nations on foreign debt servicing, ...