Debt crisis

Question 1

What was the total external debt of low and middle income countries in 2023?

Answer 1

Over 9 trillion USD

Question 2

What percentage of low income countries were in or at high risk of debt distress in 2023?

Answer 2

Over 60%

Question 3

How much did sub Saharan Africa owe to external creditors in 2023?

Answer 3

Over 800 billion USD

Question 4

What was the average debt service to government revenue ratio for low income countries in 2023?

Answer 4

Over 20%

Question 5

How much did developing countries spend on external debt service in 2023?

Answer 5

Over 400 billion USD

Question 6

What share of external debt in low income countries is owed to China?

Answer 6

Approximately 12%

Question 7

How many countries benefited from the G20 Debt Service Suspension Initiative?

Answer 7

73 eligible countries

Question 8

How much debt relief was provided through the Heavily Indebted Poor Countries Initiative since 1996?

Answer 8

Over 100 billion USD

Question 9

What percentage of Zambia’s budget was spent on debt servicing in 2023?

Answer 9

Over 40%

Question 10

How much debt did Sri Lanka default on in 2022 triggering IMF intervention?

Answer 10

Over 50 billion USD