Poor Nations Now Pay Rich Ones: Debt Crisis Hits 50-Year Peak

Developing countries paid more to service old debts than they received in new loans for a third straight year. This net financial outflow has reached its highest point in five decades. The World Bank reported the trend in its 2025 review. It covers the period from 2022 to 2024. The finding highlights a severe reversal in global finance. Poorer nations are now sending more money to wealthy creditors than they get in fresh funding. This "net negative transfer" drains resources from health, education, and infrastructure projects. The data signals a deepening debt crisis across the developing world. Economies like Ghana are caught in a cycle where repayments to international lenders exceed new assistance.