News

The Graphic Truth: Developing countries' deadly debt trap

The head of the IMF has already warned that the state of the global economy is "worse than our already pessimistic projections." But while the pandemic is taking a huge economic toll on every country in the world, many emerging-market economies, which currently owe a collective $8.4 trillion in foreign debt, face a particularly grim tradeoff between paying their bondholders or funding their hospitals. Even before the coronavirus crisis, 64 countries spent more money annually servicing their external debt payments than they did on healthcare. Now, the global health emergency is taxing their underfunded healthcare systems, complicating attempts to contain the virus. Many countries have already pleaded for emergency debt relief. Here's a look at the countries that spend more on annual debt servicing than on healthcare.

More For You

Chris, an Army veteran, started his Walmart journey over 25 years ago as an hourly associate. Today, he manages a Distribution Center and serves as a mentor, helping others navigate their own paths to success. At Walmart, associates have the opportunity to take advantage of the pathways, perks, and pay that come with the job — with or without a college degree. In fact, more than 75% of Walmart management started as hourly associates. Learn more about how over 130,000 associates were promoted into roles of greater responsibility and higher pay in FY25.

Ukraine's President Volodymyr Zelenskiy, Finland's President Alexander Stubb, Estonia’s Prime Minister, President of the European Commission Ursula von der Leyen and other European leaders visit memorial to fallen Ukrainian defenders at the Independent Square on the fourth anniversary of Russia's full-scale invasion, in Kyiv, Ukraine February 24, 2026.
Ukrainian Presidential Press Service/Handout via REUTERS

Somewhere in the Donbas region, Ukrainian soldier Artem Bondarenko says he hasn’t slept through the night in months as he defends Eastern Ukraine.

- YouTube

In the latest episode of Vladimir Putin and Xi Jinping's hit wellness podcast This Authoritarian Life, we learn how positive communication patterns can break negative cycles in our relationships -- especially our relationships with Iran, Syria, Venezuela, and Cuba. #PUPPETREGIME