The heavy debt burden of emerging countries can be alleviated by available measures, the UN’s industry and progress leader said, calling for ambitious external action. Rebeca Grynspan likened the debt burden faced by poorer countries to “an opposite blood transfusion,” where cash flows “from those who want it to those who don’t. “In 2022, the newest year for which transparent statistics are available, emerging countries “paid about $50 billion more to their external creditors than they earned. into new disbursements,” UNCTAD said in a recent report.