Many African nations now spend more servicing external debt than funding healthcare and education.
Thirty-two African nations now spend more servicing external debt than funding healthcare
By Faisal Ali
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More than 30 leading economists, former finance ministers and a central banker have called for immediate debt relief for low- and middle-income countries, warning that loan repayments are preventing governments from funding basic services.
The much-discussed Jubilee Report, emerging from expert deliberations commissioned by the Vatican, diagnoses the acute debt…
Research warns poorer governments prioritising debt payments over essential development spending
Africa’s sovereign debt crisis is not merely a story of fiscal mismanagement or external shocks. It is amplified by a systemic…
Rich-country guarantees would allow prudent governments to cut their debt costs and spend more on development, write Ilyas Moussa…
G77 nations spend $8tn a year servicing debts, but analysis shows how comprehensive relief could benefit social spending
Across Africa, debt restructuring continues to dominate the policy agenda. Swings of more than $11 billion in the debt service…
