World Bank: Developing-country public debt hits record, interest costs surge

The World Bank reports developing-country public debt rose 5.5% in 2025, triple the 2022-2024 annual pace, driven by higher interest rates. Debt-service payments increased by $436 billion versus 2022, straining sovereign finances. The report signals rising default risk and potential fiscal stress in emerging markets.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works