Direct Link to Full 16-Page 2023 Report: 2023_07-A-WORLD-OF-DEBT-JULY_FINAL.pdf (un.org)

People Pay the Price

Some regions spend more on servicing debt than serving their people

In Africa, the amount spent on interest payments is higher than spending on either education or health. Developing countries in Asia and Oceania (excluding China) are allocating more funds to interest payments than to health. Similarly, in Latin America and the Caribbean, developing countries are devoting more money to interest payments rather than to investment. Across the world, rising debt burdens are keeping countries from investing in sustainable development.

Source: WUNRN – 30.07.2023