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🌍 The world's poorest nations are paying the highest borrowing costs since 1989, the World Bank warns.

📊 Developing countries' external debt hit a record $9.4 trillion in 2025 — up 5.5%, the biggest jump since 2021.

💸 The poorest nations paid an average 8.2% on new private borrowing — and 9.4% on new bonds. Debt service hit $1.4 trillion in 2025, the fifth straight yearly rise.

The World Bank warns the rising bill is crowding out spending on schools, hospitals and infrastructure.

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