Debt of developing countries

The debt of developing countries refers to the external debt incurred by governments of developing countries, generally in quantities beyond the governments' ability to repay. "Unpayable debt" is external debt with interest that exceeds what the country's politicians think they can collect from taxpayers, based on the nation's gross domestic product, thus preventing it from ever being repaid. The causes of debt are a result of many factors.

Some of the current levels of debt were amassed following the 1973 oil crisis. Increases in oil prices forced many poorer nations' governments to borrow heavily to purchase politically essential supplies. At the same time, OPEC funds deposited in western banks provided a ready source of funds for loans. While a proportion of borrowed funds went towards infrastructure and economic development financed by central governments, a proportion was lost to corruption and about one-fifth was spent on arms.

Debt abolition

Latest News for: World debt

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Italy yet to grapple with long economic stagnation

China Daily 23 Aug 2019
Chen Fengying, a senior researcher of the world economy at the China Institutes of Contemporary International Relations, said Italy is accustomed to being a debt economy, that is, to borrow new money to repay old debts. "A debt economy would not be a problem while the world ......
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What China’s Leadership is Really Worried About: Rising Debt

CounterPunch 23 Aug 2019
The resort town of Beidaihe has just held one of the world’s most important, and secretive, political gatherings ... Especially debt. China is one of the most indebted countries in the world. By one measure, China’s debt has already passed 300 percent of gross domestic product....
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We should not expect any govt handouts or stimulus package: N Jayakumar

The Times of India 23 Aug 2019
So debt is not a bad world. You need debt for a whole bunch of things. When debt interest rates are collapsing, you would expect animal spirits to be at the highest and it is a point of huge introspection that Reliance, the biggest company group in the country is saying that in the next 18 months, we want to be debt free ... Autos do not have debt....
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Aug. 23 Letters: Why is the national debt growing?

Daily Press 23 Aug 2019
Ballooning debt. I’m no economic scholar. That being said, I don’t understand what’s happening. We have the “world’s best economy” right now, the lowest unemployment numbers (in two decades) and “tax cuts” that supposedly helped nearly everyone. How is it our deficit has ballooned by over 40% since ... ....
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China's enormous debt 'no longer can be ignored,' analyst says

CNBC 23 Aug 2019
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst ... ....
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Corn set for second straight weekly loss

Canada Dot Com 23 Aug 2019
SYDNEY — U.S. corn futures took a breather. on Friday but the grain was poised to record its second straight. weekly loss as ample global supplies weighed on prices. Corn had recorded small gains in the previous two sessions ... second consecutive weekly loss as caution about Europe’s debt ... Europe’s debt crisis will engulf world economies....
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GRAINS-Corn set for second straight weekly loss

This is Money 23 Aug 2019
SYDNEY, Aug 23 (Reuters) - U.S ... * U.S ... 2 corn producer ... * Oil edged lower in volatile trading on Friday, posting a second consecutive weekly loss as caution about Europe's debt crisis and year-end positioning continued to spark selling into rallies ... economic data signals better times ahead and fear Europe's debt crisis will engulf world economies ... Rice....
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7 of the world's 10 worst-performing bank stocks are in India

Gulf News 23 Aug 2019
Mumbai. The spiral of gloom is showing no signs of abating for Indian lenders ... There are likely to be more dark days ahead as the lenders, already battling with the world's highest soured debt, face fresh challenges to their asset quality from the slowdown in economic growth and the lingering crisis at the shadow banks ... in Mumbai ... IDBI Bank Ltd ... ....
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Christian Aid Scotland programme growing organically to help marginalised women of India – Val Brown

Scotsman 23 Aug 2019
But in our rural communities, as in rural communities across the world, it's a source of joy ... EcoVeg helps people to work with respect for the natural world and in solidarity with each other. Chemical farming comes with a heavy debt ­burden and risks to farmers' health....
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Dana Milbank: Trump claims he’s the messiah. Maybe he should quit while he’s ahead.

The Salt Lake Tribune 23 Aug 2019
Washington • For a man who sees himself as the messiah, President Trump has a lackluster record on Earth ... Precarious U.S ... As The Washington Post's Jeff Stein noted, this puts the nation's debt at levels not seen since the end of World War II ... Eliminating the national debt? Getting Mexico to pay for a border wall? Draining the swamp? Not gonna happen ... ....
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Editorial: Economic figures underscore the myth behind Trump's claims of record performance

Finger Lakes Times 23 Aug 2019
The latest economic news appears to be driving President Donald Trump into a deep emotional funk ... This is not sustainable, says Phillip Swagel, director of the nonpartisan Congressional Budget Office, which warned Wednesday that recent increases in spending have plunged the nation into levels of debt not seen since the end of World War II ... But U.S ... ....
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Editorial: Economic figures underscore the myth behind Trump’s claims of record performance

The Bryan Eagle 23 Aug 2019
The latest economic news appears to be driving President Donald Trump into a deep emotional funk ... This is not sustainable, says Phillip Swagel, director of the nonpartisan Congressional Budget Office, which warned Wednesday that recent increases in spending have plunged the nation into levels of debt not seen since the end of World War II ... But U.S....
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Investors draw the line at free debt for 30 years

Irish Independent 22 Aug 2019
0 Comments Investors draw the line at free debt for 30 years ... https.//www.independent.ie/business/world/investors-draw-the-line-at-free-debt-for-30-years-38424916.html ... More than $16trn (€14.4trn) of debt around the world has a negative yield, a unique situation....

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