LONDON, July 12 (Reuters) - Global public debt surged to a record $92 trillion in 2022 as governments borrowed to counter crises, such as the COVID-19 pandemic, with the burden being felt acutely by developing countries, a United Nations report said.
Developing countries owe almost 30% of the global public debt, of which 70% is represented by China, India and Brazil.
Fifty-nine developing countries face a debt-to-GDP ratio above 60% - a threshold indicating high levels of debt.
Private creditors, such as bondholders and banks, represent 62% of developing countries' total external public debt.
Reporting by Jorgelina do Rosario, additional reporting by Michelle Nichols at the United Nations, editing by Karin Strohecker and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.
Persons:
Antonio Guterres, Jorgelina, Michelle Nichols, Karin Strohecker, Sharon Singleton
Organizations:
Global, United, UN, United Nations, Monetary Fund, Group, Thomson
Locations:
United Nations, China, India, Brazil, Africa, America, Paris, Rosario