In addition, weaker commodity prices led to the exchange rates of developing countries falling against the US dollar, increasing the relative size of debt payments since external debts tend to be owed in dollars. Developing countries ' economies will face fresh pressure if the US , as expected , raises interest rates . Poorer countries ' debt repayments have already risen by 60 % since 2010 , warned the Jubilee Debt Campaign . Its data showed that 126 developing nations spent on average over 80 % of their revenues paying the interest on loans , the highest level since 2010 . Five countries , Angola , Bhutan , India , Ghana and Nigeria , were spending over a third of government revenues on servicing debt .
Developing countries ' economies will face fresh pressure if the US , as expected , raises interest rates . Poorer countries ' debt repayments have already risen by 60 % since 2010 , warned the Jubilee Debt Campaign . Its data showed that 126 developing nations spent on average over 80 % of their revenues paying the interest on loans , the highest level since 2010 . Five countries , Angola , Bhutan , India , Ghana and Nigeria , were spending over a third of government revenues on servicing debt .