international finance

World Bank says developing nations’ debt hit record $9.4T

In 2025, developing countries borrowed more and paid more for it. Their combined external debt rose 5.5% to a record $9.4 trillion, according to the World Bank's International Debt Report 2026, released Thursday, November 5. That was the fastest increase…

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World Bank plans to end all lending to China by 2031

The World Bank will phase out its lending to China by 2031, according to a proposal submitted to the multilateral lender's board on Tuesday, the Financial Times reported. The plan would cap loans to China at no more than $2…