Debt Management

The Summit of the Future is an opportunity to mend eroded trust in multilateralism and create hope for a better tomorrow, says UN Trade and Development chief Rebeca Grynspan.

Amidst a polycrisis, these countries face an increasingly unsustainable financial situation, with high structural deficits and unaffordable debt, underscoring the urgent need for international action.

Discover the only dashboard that provides clear insights into global, regional and national debt. Easily understand debt dynamics and their impact on economic and financial stability.

Ahead of the Summit of the Future, Rebeca Grynspan highlights how debt burdens are crippling developing nations’ abilities to invest in critical services and their people.

With the global economy at a critical juncture, they suggested solutions for complex challenges, including managing debt, promoting trade, diversifying economies and reducing inequalities.

Global public debt has doubled since 2010, reaching a historic $97 trillion in 2023. More than 40% of the world’s population live in countries that spend more on debt interest payments than on education or health.

The alarming surge in global debt burden calls for urgent reforms to the international financial systems to safeguard a prosperous future for both people and the planet.

In Brazil, Secretary-General Rebeca Grynspan renews calls for global financial system reforms to ensure a more sustainable and inclusive future for all nations.

The Trade and Development Report 2023 projects world economic growth to slow from 3% in 2022 to 2.4% in 2023, calling for global financial reforms and more pragmatic policies to tackle pressing challenges.

About 3.3 billion people now live in countries where debt interest payments are greater than expenditure on health or education.