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).
The KFF Daily Global Health Policy Report summarized news and information on global health policy from hundreds of sources, from May 2009 through December 2020. All summaries are archived and available via search.