Interest burden haunts $29 trillion emerging debt pile

The sum – around $850 billion in total last year for both foreign and local debt – is forcing countries to divert money from domestic spending on hospitals, roads and schools while raising risks for emerging-market investors. The sum – around $850 billion in total last year for both foreign and local debt – is forcing countries to divert money from domestic spending on hospitals, roads and schools while raising risks for emerging-market investors.  Economic Times