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 ...

Gen Z is spending more on bills compared to their slightly older counterparts did at their age. Young adults are generally beginning their careers with more debt and a higher cost of ...

And their amount of debt is also on the rise. That’s pushing more households into the ranks of the financially precarious.

Sovereign bond issuance in OECD countries is projected to reach a record $17 trillion this year, up from $14 trillion in 2023 ...

In January, Columbia economics professors Martín Guzmán and Joseph Stiglitz published a report, “How New York State Lawmakers Can Help Address Debt Crises in the Global South,” to support ...

While central banks are cutting interest rates now, borrowing costs remain much higher than before 2022's rate hikes, so low-rate debt is continuing to be replaced and interest costs are likely to ...

the Organisation for Economic Co-operation and Development said in a global debt report. While central banks are cutting interest rates now, borrowing costs remain much higher than before 2022's ...

Debt service costs as a percentage of GDP for the 38 OECD countries climbed to 3.3 per cent in 2024, a sharp rise from 2.4 per cent in 2021, according to the group’s Global Debt Report on Thursday.

Spending by governments on interest payments reached 3.3% of GDP in its member countries, higher than what they spend on defence, the Organisation for Economic Co-operation and Development said in a ...