Net debt of all developing countries has fallen to $1.45 trillion.


Net debt of all developing countries has fallen to $1.45 trillion. That compares with US net foreign debt, according to the Federal Reserve's quarterly data published on Dec. 7, of $2.6 trillion. US foreign debt per capita is now almost three times that of Argentina.

Source: Bowring, Philip, "From Poor to Rich: Capital Is Flowing in the Wrong Direction," International Herald Tribune, 12/12/01

#debt #developingcountries #SouthAmerica #UnitedStates