Debt: Management, Transparency, Statistics and Sustainability

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Debt

Debt financing is critical for development. When used wisely it can help achieve sustained inclusive growth. We work with client countries to strengthen debt management and help them make more informed borrowing decisions.

Featured

Debt At-A-Glance

Before the COVID-19 pandemic, debt was already at record highs in emerging and developing economies. The pandemic is pushing a growing number of these countries into debt distress. Supporting the poorest countries in the fight against COVID-19 is our most urgent priority. We are deploying unprecedented support to enable countries to concentrate their resources on responding to the pandemic.

Overview

Data

Focus Area

Heavily Indebted Poor Country Initiative (HIPC)

Launched in 1996, HIPC was designed to ensure that the poorest countries are not overwhelmed by unmanageable or unsustainable debt burdens. To date, 37 participating countries have received over $100 billion in debt relief.

Research & Resources

Total external debt by region (billions US$, excluding high income economies)

The World Bank��s International Debt Report 2023 highlighted rising debt-related risks for all developing economies��low as well as middle-income economies��but the strain was intensifying for the world��s poorest countries, which were squeezed by surging debt service payments. The pressure continues this year.

According to the report, developing countries spent a record $443.5 billion to service their external public and publicly guaranteed debt in 2022. The poorest countries eligible to borrow from the World Bank��s International Development Association (IDA) paid a record $88.9 billion in debt-servicing costs in 2022, 4.8 percent more than in 2021. The world��s poorest face the risk of debt crises as borrowing costs surge. The increase in costs shifted scarce resources away from critical needs such as health, education, and the environment. Learn more.

Blogs

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Experts

Manuela Francisco

Global Director, Macroeconomics, Trade and Investment

News & Events

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In Depth

Trust Fund

The DMF is a multi-donor trust fund that supports the World Bank Group's debt management work in low-income countries.
Trust Fund

Government Debt and Risk Management Program (GDRM)

The GDRM program assists countries in developing sustainable debt and risk management frameworks to reduce vulnerability to financial shocks.
Debt Transparency

Debt Service Suspension Initiative

Explore a detailed country-by-country breakdown of DSSI participants and the amounts they owe to their creditors.

Factsheet
Q&As
Debt Service Suspension Initiative
Initiative

Debt Relief

Starting more than two decades ago, the World Bank, in partnership with the International Monetary Fund (IMF) and the international community, has worked with developing countries to reduce their debt burdens.

Work With Us In Debt: Management, Transparency, Statistics and Sustainability | World Bank

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Contact

Washington, DC

Ina�� Riveras

iriveras@worldbank.org

Washington, DC

Giannina Raffo

graffogonzalez@worldbank.org

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Debt

Featured

C?te d��Ivoire��s Debt-for-Development Swap, Enabled by the World Bank Group, Will Free up Funds for Education

Reforms and relief: How Somalia turned a page amid a global debt crisis