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Escalating Debt Crisis for Developing Countries as Public Debt Soars Over a Decade

The public debt of developing nations surged dramatically from 35% of GDP in 2010 to 60% in 2021, as highlighted in a report by the Eurasian Fund for Stabilization and Development. This significant increase in borrowing from foreign creditors has heightened these economies' vulnerability to external shocks. The ratio of...
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