Massive Interest Burden Haunts $29 Trillion Emerging Debt Pile

 

• Lull in sovereign debt defaults may end as maturity wall looms
• Developing nations grapple with $850 billion of interest costs

Developing nations, already set for a turbulent 2025, are having to cope with ballooning interest payments on $29 trillion of debt that built up over the last decade.

A record 54 countries are spending more than 10% of their revenues on interest payments, according to the United Nations. Some, including Pakistan and Nigeria, are using more than 30% of revenue just to pay coupons.

https://www.bloomberg.com/news/articles/2024-12-15/massive-interest-burden-haunts-29-trillion-emerging-debt-pile