Global interest rate rises have led to spiralling, decades-high external debt payments for 91 low or lower-middle income countries. In a few cases the IMF and creditors like China have stepped in with additional aid or restructure deals, but economists say institutions and wealthier nations need to do more to ease the burden of debt.
#debt #interestrates #geopolitics
See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132.
► Check out our Community tab for more stories on the economy.
► Listen to our podcasts: https://www.ft.com/podcasts
► Follow us on Instagram: https://www.instagram.com/financialtimes‘
