UN Trade and Development

Between 2014 and 2024, external debt service costs in developing countries rose much faster than debt stocks.

With many governments relying on external financing to fund spending, pressure on public finances is mounting.

Read more in UNCTAD's report, “Financing development: External flows of financial capital to developing countries and their cost”.

https://ow.ly/R4uL50Zee6O

Over the past decade, developing countries' interest payments rose by 102%, while government revenues grew by just 39%.

High borrowing costs on public debt are rapidly eroding fiscal space and constraining sustainable development.

What actions are needed nationally and globally?

Explore UNCTAD’s analysis: https://ow.ly/Y8qL50ZcQ8N

Rising debt servicing costs are straining public finances in developing countries.

In its new analysis, UNCTAD explores policy approaches to expanding access to affordable, long-term finance, which is not just a financial issue but also a development imperative.

Dive in:

As debt costs rise, development funding comes under pressure Expanding access to affordable, stable and long-term finance is not only a financial issue, but a development imperative.

Papua New Guinea can benefit from an open but strategic trade policy, a new UNCTAD study finds.

Tariffs can support development goals when they are stable, targeted and paired with action to lower the real cost of doing business.

This includes improving infrastructure, power supply and customs processes, as well as reducing costs for key imported inputs.

The study was funded by the European Union under the UNCTAD Improving Pacific Islands Customs and Trade (IMPACT) project, a component of the Pacific Regional Integration Support Programme.

Learn more: https://ow.ly/Utu950Zck08