The International Debt Statistics 2021 has been prepared by the Debt Statistics Team of Development Data Group (DECDG) at the World Bank.
Key Points:
i.The Top 10 Borrowers with largest end-2019 External Debt Stock are Argentina, Brazil, China, India, Indonesia, Mexico, Russia, Thailand, Turkey and South Africa.
ii.The Debt burden of Least Developed Countries (LDC) has increased to a record USD 744 Billion in 2019.
iii.The total external debt of 120 low-and middle-income countries has increased to USD 8.1 Trillion in 2019 (Increase of 5.4 %).
iv.The report states that External Debt owed by low and middle income countries are mostly Long-Term, and majority of the Debts are owed by Governments and public sector Entities.
v.According to the report, China became the largest creditor, its share of combined debt owed to G-20 countries increased to 63 % in 2019 from 45 % in 2013.
India’s External Debts:
i.According to the report, the total External Debt Stocks of India in 2019 was USD 560, 035 Billion.
ii.South Asia registered a 7.6 % rise in debt stock, India accounted for 6% increase in debt stocks in South Asia after Bangladesh (9.5 %) and Pakistan (7.8%).
Recent Related News:
i.The 2020 Human Capital Index (HCI) is a collaboration between the Human Development Practice Group and the Development Economics Group of the World Bank.World Bank released the report titled “The Human Capital Index 2020 Update: Human Capital in the Time of COVID-19” on September 16, 2020.
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