The Institute of International Finance (IIF) posted its latest Global Debt Monitor report on Wednesday, revealing that the figure hit a new record, surpassing $365 trillion in the first half of 2026, jumping by $10 trillion, APA reports.
Emerging markets, strategic AI infrastructure, and defense spending were the key factors behind the increase. In particular, emerging market debt registered a $6.5 trillion growth in the first six months of this year, to stand at $110 trillion, with China as the leader.
The rise in global debt "is less than half of the $21 trillion increase recorded in the same period last year, reflecting pressure from rising interest rates, higher debt-service costs, surging energy prices, and the impact of the conflict with Iran on issuer sentiment," IIF stated.