Soaring global debt and hiked interest rates are creating a big issue for developing countries. Here’s why

Jul 3, 2023

“Not all countries and people have been impacted in the same way,” one report noted. Image: Shavin Peiries on Unsplash

Spencer Feingold

Digital Editor, World Economic Forum

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Davos Agenda

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Keyu Jin, Professor of Economics, London School of Economics and Political Science, United Kingdom, Robert H. McCooey Jr, Vice-Chairman, Nasdaq, USA, M.U.M. Ali Sabry, Minister of Foreign Affairs of Sri Lanka, Samantha Vadas, Anchor, CNBC International, Singapore speaking in the âGlobal Debt Explosionâ session at the Annual Meeting of the New Champions 2023 in Tianjin, People's Republic of China, 28 June 2023. Tianjin Meijiang Convention Center

Sri Lankan Foreign Minister M.U.M. Ali Sabry speaks at AMNC 2023 in Tianjin, China. Image: World Economic Forum

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