- A recent United Nations report titled “A World of Debt” highlights the severity of the global debt crisis, urging immediate action to address the issue.
- The report reveals that global public debt reached an all-time high of $92 trillion in 2022, with 30% of that burden falling on developing nations. Secretary-General Antonio Guterres warns that 52 countries, nearly 40% of the developing world, are in serious debt trouble, adversely affecting their ability to invest in crucial sectors like education and healthcare.
- The UN emphasizes the need for multilateral efforts to combat the crisis.
According to the United Nations report, Global Public Debt is set to reach a record of 92 trillion dollars in 2022
ByTeam Current Hunt
Jul 19, 2023