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 2014, warned the Jubilee Debt Campaign. Its study showed that 126 developing nations spent on average over 10% of their revenues paying the interest on loans, the highest level since 2005. Five countries, Angola, Bhutan, Chad, Ghana and Lebanon, were spending over a third of government revenues on servicing debt.