The average government debt level in Asia-Pacific is at an 18-year high, with most developing economies in the region trying to stabilise it at current levels by 2027, according to recent research.
According to a survey by the UN Economic and Social Commission for Asia and the Pacific (UN Escap), the number of countries rated at high risk of debt distress in Asia-Pacific has been surging in line with rising public debt and debt servicing costs.
