Debt Service Costs Threaten Sustainable Development in Developing Countries Emerging nations are facing a severe financial dilemma as they contend with record-high external debt service costs of $400 billion this year. A recent report by the Debt Relief for Green and Inclusive Recovery Project (DRGR) highlights that 47 developing countries risk insolvency if they pursue necessary investments in climate adaptation and sustainable development to meet the 2030 Agenda and Paris Agreement objectives. This risk arises as these investments would push them beyond the external debt insolvency thresholds set by the International Monetary Fund (IMF), particularly over the next five years. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts June Inflation Report: A Potential Game-Changer for Fed Policy and Markets READ MORE Gold Rally Continues nearing $2,500 with Traders Betting on Fed Rate Reductions READ MORE Sprott Money: Gold is About to Break Out READ MORE Fed's Waller Confirms: U.S. Dollar to Retain Its Global Reserve Currency Status READ MORE Treasury Yields Drop as Inflation Data Bolsters Rate Cut Hopes READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment