A record for 50 years: poor countries have repaid 741 billion dollars of debt in two years (World Bank)

Between 2022 and 2024, developing countries have experienced an unprecedented situation in half a century: they have repaid 741 billion dollars more than they have borrowed, transforming external debt into a new mechanism of net resource extraction, according to the World Bank. This spectacular reversal of financial flows, where repayments far exceed new loans, is…...