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Rising U.S. Interest Rates Pressure Developing Countries, Following 60% Increase In Debt Repayments Since 2014, Report Shows

The Guardian: Developing countries at risk from U.S. rate rise, debt charity warns
“The expected rise in U.S. interest rates will increase financial pressures on developing countries already struggling with a 60 percent jump in their debt repayments since 2014, a leading charity has warned. The Jubilee Debt Campaign said a study of 126 developing nations showed that they were devoting more than 10 percent of their revenues on average to paying the interest on money borrowed — the highest level since before the G7 agreement to write off the debts of the world’s poorest nations at Gleneagles, Scotland, in 2005…” (Elliot, 3/18).

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