1、Sovereign debt vulnerabilities in developing countriesTechnical and statistical reportUNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENTGeneva,2025 Shutterstockii 2025,United NationsAll rights reserved worldwideRequests to reproduce excerpts or to photocopy should be addressed to the Copyright Clear

2、ance Centre at .All other queries on rights and licences,including subsidiary rights,should be addressed to:United Nations Publications405 East 42nd StreetNew York,New York 10017United States of AmericaEmail:publicationsun.orgWebsite:https:/shop.un.orgThe findings,interpretations and conclusions exp

3、ressed herein are those of the author(s)and do not necessarily reflect the views of the United Nations or its officials or Member States.The designations employed and the presentation of material on any map in this work do not imply the expression of any opinion whatsoever on the part of the United

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5、ted Nations publication issued by the United Nations Conference on Trade and DevelopmentUNCTAD/GDS/2024/4ISBN:978-92-1-003433-3eISBN:978-92-1-107076-7Sales No.E.25.II.D.12Sovereign debt vulnerabilities in developing countriesiiiAcknowledgementsThis study was prepared by the Division on Globalization

6、 and Development Strategies of the United Nations Conference on Trade and Development(UNCTAD),by a team led by Penelope Hawkins.Team members included Daniela Magalhaes Prates,Keith Lockwood,Kristine Fitzpatrick,Dusan Zivkovic,Ngoc Nguyen,Yihong Gong,Oulcan ilingir,Marco Cereghetti,Lu Wei and Xinyuan