Technical long-term approach to financing after the pandemic: 13.6 trillion dollars
A new report issued by the International Financial Institute mentions that "the ratio of global long-term debt to gross domestic product first rose in 2020 and has increased in 2023..."
"The growth of debt in developing countries is systemic, and it is especially serious in Africa, where the level of debt exceeds 60% of GDP," the source notes.
This growth of debt poses a risk to the long-term prospects of countries, as it increases the likelihood of financial crises in the future. It is crucial to develop strategies for effective debt management, taking into account overall financial sustainability.
