International Debt Statistics 2020: External Debt Stock of Low- and Middle-Income Countries Rose, but Pace of Increase Slowed

External debt stock of low- and middle-income countries rose 5.2% in 2018 to $7.8 ids-20192trillion, a slower pace of accumulation than in 2017, according to the World Bank’s International Debt Statistics 2020. Excluding the top ten borrowers (Argentina, Brazil, China, India, Indonesia, Mexico, Russia, South Africa, Thailand, Turkey) external debt stocks for low- and middle-income countries rose 4%.

Net debt inflows (gross disbursements minus principal payments) to low- and middle-income countries fell 28% in 2018 to $529 billion. At the same time, net financial flows (including both debt and equity) to low- and middle-income countries fell 19% in 2018, down 29% excluding China.

Continue reading