The Global South Debt Crisis How 52 Countries Are Spending More on Debt Payments Than on Healthcare and Education Combined
Expert Comment — Global Programme 2026 07 08 TThe global debt crisis that began with Sri Lanka’s default in 2022 has spread to encompass 52 developing countries. Total developing country external debt has reached $3.9 trillion, and debt service payments absorb an increasing share of government revenues. For the first time in history, developing countries
