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Indebtedness in developing countries often stems from a combination of factors, including high borrowing costs, reliance on foreign loans for infrastructure and development projects, and fluctuations in global markets that can lead to economic instability. Additionally, many developing nations face challenges such as weak governance, corruption, and limited access to international financial resources, which can exacerbate their debt situations. The burden of servicing existing debts can further hinder economic growth and development efforts.

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11mo ago

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