Editorial: El País

• For the first time in this century, developing countries have returned more loans than they have received.
• The annual debt report from the World Bank points to a worrying trend of reduced international financing for poorer countries.
• New loans have been subjected to higher interest rates.
• Countries such as Angola and Nicaragua are under pressure, due to the crisis of gas, oil and food prices.
• Mozambique dedicates 37% of its economy to external debt.
• The increasing debt service could affect the global financial system.
• The excessive debt service diverts capital needed for education, health and infrastructure.
• The lack of sufficient finance puts investments for the energy transition at risk.
• Geopolitical conflicts such as the war in Ukraine and Gaza are having an economic impact on countries with fewer resources.

Conclusion: Quick and coordinated action is needed from international cooperation and development financing to avoid an increased gap between the West and the rest of the world.

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