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Libya ranked ninth worldwide with a public debt-to-GDP ratio of 125.2%, according to International Monetary Fund data for 2026. Sudan leads the list of the most indebted countries with a ratio of 334.4%, followed by Japan at 199.4% and Singapore at 166.4%. The International Monetary Fund warns that global public debt is approaching record levels exceeding 100% of the economy's size, which limits governments' ability to cope with economic shocks.
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