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The world's poorest nations are grappling with an unprecedented debt crisis. In this episode of "Accelerating Development," we delve into the World Bank's International Debt Report 2024. Join us as we explore the record $1.1 trillion external debt burden facing IDA-eligible countries and the complex factors driving this surge, from pandemic aftershocks to rising global interest rates.
By World Bank Institute for Economic DevelopmentThe world's poorest nations are grappling with an unprecedented debt crisis. In this episode of "Accelerating Development," we delve into the World Bank's International Debt Report 2024. Join us as we explore the record $1.1 trillion external debt burden facing IDA-eligible countries and the complex factors driving this surge, from pandemic aftershocks to rising global interest rates.