10 Heavily Indebted Poor Countries

1. Mozambique

External Debt Stocks: $62.819 billion 

GNI Per Capita: $1410

Below $2.15 Poverty Rate: 64.6%

Composite Ranking: 1

With a per capita GDP of $541, nearly 65% of Mozambique’s population endures hardship. The nation’s economy, heavily reliant on agriculture, is burdened by its enormous debt, evidenced by its external debt stocks, as reported in the International Debt Report 2022.

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