World Bank Warns as Developing Countries’ External Debt Hits Record $9.4 Trillion
SNOW TV NEWS DESKDeveloping countries are facing growing financial pressure as their external debt climbed to an unprecedented $9.4 trillion in 2025, raising fresh concerns about the ability of poorer economies to fund essential services and long-term development.According to the World Bank Group’s International Debt Report 2026, the debt stock increased by 5.5 percent in 2025, marking its fastest growth since 2021. The figures highlight the mounting financial challenges confronting countries that are increasingly dependent on borrowing to sustain their economies.The report noted that although access to international financing has improved, borrowing costs remain stubbornly high, leaving many developing nations struggling to balance debt repayments with investments in healt...