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International Debt Report 2022
December 28 , 2022
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- International Debt Report 2022 was released by the World Bank.
- The debt of low- and middle-income countries in sub-Saharan Africa (SSA) increased to a record $789 billion in 2021 from $702 billion in 2020.
- This is the region’s highest debt burden since 2010.
- In 2010, the region’s debt stood at around $305 billion.
- The total external debt of low- and middle-income countries at the end of 2021 was $9 trillion.
- China, which is not a member of the Paris Club, has become the largest bilateral lender to low- and middle-income countries.
- Among other non-Paris Club members, Russia averaged $6.1 billion in annual lending over this time, Saudi Arabia $2.5 billion, and India $2.4 billion.
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