cover image: Debt and debt sustainability in numbers - Figure III.E.9 - Developing countries that spend more on servicing public debt than on health, educat

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Debt and debt sustainability in numbers - Figure III.E.9 - Developing countries that spend more on servicing public debt than on health, educat

4 Apr 2024

spiking in the first year of the pandemic, the high costs of The greater diversity of creditors also exacerbates creditor servicing and refinancing debt amid tight global financial coordination challenges in the event of debt restructurings. [...] financing, including the sustaining of large volume of highly concessional The decline and subsequent rebound of public debt was most financing from multilateral lenders, and could include the use of financial pronounced in vulnerable countries, particularly LDCs and other instruments such as debt swaps or credit enhancements to enable the LICs.1 In the late 1990s and early 2000s, many LDCs and ot. [...] Debt Management and Financial Analysis System Programme assists The increased heterogeneity of the creditor base and complexity of debt in ensuring the availability of high-quality debt data for reporting and instruments (see section 2 above) have posed significant challenges for decision-making, enhancing the accuracy and completeness of public debt public debt management. [...] E.2 and debt transparency, such as by developing a publicly accessible reg- The SDG Stimulus and reform of the international istry of debt data for developing countries; enhancing the information financial architecture environment and understanding of long-term debt sustainability and SDG financing needs, which can build on ongoing work in the United In his proposals for an SDG Stimulus and reform. [...] proposals for both immediate actions to address the debt challenges of developing countries and for longer-term reforms of the sovereign In regard to debt crisis resolution, the Secretary-General proposed debt architecture that the Fourth International Conference on Financing strengthening the Common Framework by complementing it with a for Development could address.
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