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International Debt Report
December 18 , 2023
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- The International Debt Report (IDR) is a longstanding annual publication of the World Bank
- It is featuring external debt statistics and analysis for the 122 countries.
- The debt-service payments - including principal and interest - rose 5% to a record $443.5 billion in 2022.
- The 75 poorest countries’ external public debt service payments reached a record $88.9 billion in 2022 and would surge by 40% over the 2023-2024 period.
- Their interest payments alone had quadrupled since 2012 to $23.6 billion.
- Private creditors received $185 million more in principal repayments than they disbursed in loans.
- Overall, there was a net outflow of $127.1 billion from low- and middle-income countries to bondholders.
- An average inflow of fund was $202 billion from 2019-2021.
- The World Bank and other multilateral creditors, helped fill the gap, providing a record $115 billion in new financing for developing countries in 2022.
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