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Emerging markets and developing economies entered 2025 with public debt levels that, on the surface, appear more stable than during the pandemic years. Fiscal deficits have narrowed, and debt-to-GDP ratios have stopped climbing. Yet beneath this apparent stabilization lies a more complex story of financing pressures, costly debt servicing, and declining net capital inflows.

In recent years, Brazil has emerged as a key player in shaping global policy through its leadership roles in major international forums. From hosting the G20 Summit in Rio de Janeiro in 2024 to convening the COP30 climate conference in Belém and the BRICS Summit in 2025, Brazil is using its platform to push for a more inclusive, sustainable, and multipolar world order.

The Global Findex Database 2025: Connectivity and Financial Inclusion in the Digital Economy is the world’s most comprehensive source of data on how people access and use financial services in the digital era. Based on surveys of 145,000 adults across 141 economies, it captures the intersection of mobile connectivity, financial account ownership, digital payments, savings, borrowing, and financial health.