Ghana: Developing Countries Paid More in Debt Service in 2025 – World Bank

For the third consecutive year, developing economies paid more in debt service than they received in new financing, reaching a 50-year high in debt outflows during 2022-2024, according to the World Bank’s 2025 Year in Review.

Despite these financial pressures, the World Bank noted that the global economy performed better than many had anticipated, particularly in developing countries. Global growth surpassed forecasts even amid tariffs and trade tensions, with some relief coming from reopened bond…