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The 8.2 Percent Borrowing Rate: What the World Bank's Debt Report Changes for Developing Economies
The World Bank's International Debt Report puts developing-country external debt at a record $9.4 trillion, but the binding number is the 8.2 percent average rate the poorest borrowers now pay, the highest since the late 1980s. The report shows private creditors supplying most of the increase, which changes what a restructuring can realistically deliver.
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