Public debt can be a powerful tool for development, enabling governmentsto finance critical expenditures and invest in a better future for their people.However, when public debt grows excessively or rapidly, it becomes a heavyburden, particularly for developing countries.This report highlights the alarming surge in global public debt, driven by cascadingcrises in recent years. The growing debt burden disproportionately impactsdeveloping countries, as servicing it diverts essential resou
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