Today, 3.4 billion people live in countries where more funds are spent on paying interest than healthcare or education. Global public debt reached 102 trillion dollars Economic development ~ 60 > public debt in the world reached a record 102 trillion dollars in 2024, while almost a third of this amount – 31 trillion – falls on developing countries. They paid $ 921 billion only in the form of interest, which undermines budgets and jeopardizes basic public services. 62 ~ According to the new report of the UN Conference on Trade and Development (UNCTAD) “Peace in debt”, since 2010, the public debt in developing countries grew twice as quickly as in developed ones. Today, 3.4 billion people live in countries where more funds are spent on payment of interest than healthcare or education. ~ 60 > Read Also: investment in development: each dollar spent & nbsp; to the education of girls brings three & nbsp; Economics 60 > “Debt can be a useful development tool, but with excessive load it slows down the economy and destroys the future,” the authors of the report are warned. growing debts, deepening debts Inequality 60 > state debt in developing countries differs in regions: 24 percent of world debt is in Asia and Oceania, 5 percent to Latin America, and only 2 percent to Africa. At the same time, more poor states are forced to borrow money at rates 2–4 times higher than, for example, the United States. In 2023, developing countries paid $ 487 billion to external creditors – 25 billion more than they received. This means a pure outflow of funds that has been going on for several years. Europe and Central Asia ~ 60 > in the region of Europe and Central Asia, according to the latest data, the volume of public debt has grown 2.5 times from 2010 to 2022, 2022, 2022. Despite the fact that the economy as a whole has grown only 1.4 times. The debt in the Caucasus countries, in the countries of energy and the Western Balkans. ~ 60 > 60 > in Uzbekistan, the growth was the most rapid, but the country began with a very low level of debt. In Tajikistan, the debt reached 50 percent of GDP in 2020, but then began to decline. Nevertheless, the country remains in the zone of high risk of a debt crisis. The public debt of Ukraine again grew against the background of the war – to 82 percent of GDP in 2022, almost twice as higher than the level of 2010. situation in Russia meanwhile the Russian Federation remains the largest economy of the region and forms more than halves of the total volume of state debt of Europe and Central Asia. However, unlike many neighbors, the growth of debt in Russia was mainly due to internal borrowings, and not external ones. That is, the state mainly attracted funds in the domestic market, and not among foreign creditors. ~ 60 > Due to this, Russia is less susceptible to foreign exchange risks associated with the course of the course and access to foreign financing. Nevertheless, its public debt continued to grow, especially after the pandemic and against the background of an increase in budget expenditures in conditions of sanction pressure and military spending. ~ 60 >~ 60 > 62 ~ high borrowing price 60 > in many other countries there are a largest region of the region. Part of the debt is external debt, which makes them vulnerable to fluctuations in foreign exchange rates and global crises. On average, 70 percent of the public debt in the region is an external debt. 60 > all countries of the region, except Kazakhstan, have credit ratings below the investment level, which means they are forced to occupy at high interest rates. This is especially true for Tajikistan, where in 2027 payments to Eurobonds are coming. Without support in the form of preferential loans, it may be difficult to avoid a debt crisis.