GNVNews 2025counter for years (following a number in the hito-futa-mi counting system)10month25day (of the month)

2025counter for years (following a number in the hito-futa-mi counting system)10month20held in Geneva onordinal16The United Nations Conference on Trade and Development (UNCTAD)UNCTAD16)and pointed out that the gap is still not closing, and many low- and middle-income countries are having to choose between defaulting on their debt and stagnating development.

Low- and middle-income countries (note 1(hereinafter referred to as "the Company") is funded primarily by international financial institutions that require debt repayment, and in recent years much of the grant assistance has been in the form of interest-bearing loans.It's changing. In this context, the amount of public debt2010Since 1949, high-income countriesabout2timesInflated at a rate of2025in the year ...31trillion U.S. dollarsreached the

Foreign currency-denominated debt is particularly vulnerable to exchange rate fluctuations, with repayments against the home currency rising sharply under unstable economic conditions. This situation is further exacerbated by an uncertain international economy, including rising tariff barriers, particularly in the United States.61Low- and middle-income countries in the2024At least 50% of public revenues in 200510Percentage or moreto repay external debt, and this burden is2010About the year2The cost of transportation in inland and small island countries, in addition to soaring tariffs, has ballooned to double the global average. In addition to soaring tariffs, inland countries and small island nations are paying more than the global average transportation cost of3timesThe decline in export volumes has further reduced foreign currency revenues and increased the burden of external debt. These factors have made investment in low- and middle-income countries with high debt repayment burdens risky, and investors have been worsening loan terms and withdrawing funds.

In addition to these,2025In 2006, tariff rates imposed by major countries averaged2.8From %.20%exceeded the level of the United States, and global trade and investment activities themselves are being hampered. While investment capital tends to be concentrated in low-risk, high-income countries, it has become more difficult for low- and middle-income countries to obtain financing, leading to stagnation in development.

Results,22counter for countriesof low- and middle-income countries to interest payments rather than education costs,45countries devote more funds to interest payments than to health costs. People living in these countries are34billion people. Worldwide, artificial intelligence (AINew economic markets, such as the growing low- and middle-income countries, are also expanding.26hundred million peopleThe Internet has left many people behind and they are not benefiting from the Internet. If these problems continue, low- and middle-income countries will be forced to choose between development stagnation and debt default.

To resolve this situation,2025counter for years (following a number in the hito-futa-mi counting system)10month22day (of the month)UNCTAD16Spain, under the auspices of the United Nations, within theSeville Debt ForumThe company has established a "new" company. This is,2025counter for years (following a number in the hito-futa-mi counting system)6held in Seville, Spain, in May.4International Conference on Financing for Development (FFD4)" (note (supplementary information) symbolThe CELIBIA Commitment, which sets forth plans for equitable restructuring of debt, reduction of borrowing costs, and improvement of transparency, as agreed to in (2), is the forum for translating the CELIBIA Commitment into concrete actions. The previous financial regime led by high-income countries, which has continued since the end of World War II, has not reflected the voices of low- and middle-income countries. Therefore, the Seville Debt Forum will bring together governments, finance ministers, and creditors from both high-income and low- and middle-income countries to engage in a dialogue on debt so that borrowing becomes an aid to development rather than an obstacle to economic growth.

note 1In the report and within the original article, the term "developing countries" is used.

*2Rapidly rising debt has led to the Sustainable Development Goals (SDGsThis was held because it is hindering the achievement of the

The state of development in low-income countries andSDGsLearn more about the accomplishments of→directional marker or indicator."No one is left behind?"

Learn more about the relationship between the global financial system and low- and middle-income countries to date.→directional marker or indicator."The World Bank and the International Monetary Fund: Fostering Poverty?"

Learn about the history of debt in Africa→directional marker or indicator."Africa's Economy: Can We Break the Debt History?"

At UNCTAD 16, Grinspan warned that many low-income countries are being forced to choose between debt repayment and development financing (photo):UN Trade and Development (UNCTAD) / Flickr [CC BY-SA 4.0])