Article 521V6 Pressure grows for developing world debt relief over coronavirus

Pressure grows for developing world debt relief over coronavirus

by
Larry Elliott
from Economics | The Guardian on (#521V6)

More than 60 poorer countries are spending more paying creditors than on health - study

Calls for a comprehensive package of debt relief to help poor countries cope with the coronavirus pandemic have intensified after research showed that more than 60 countries are spending more on paying their creditors than they are on health.

Before a series of key meetings this week, the Jubilee Debt Campaign said it was vital to relieve the mounting financial pressure on poor countries by cancelling their debt payments this year.

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