Developing countries face worst debt crisis in history, study shows

Spending on health and education being cut as nearly half of budgets are used to pay creditors, campaigners say

Developing countries are facing the worst debt crisis in history with almost half their budgets being spent on paying back their creditors, a study has found.

The report, by the campaign group Debt Relief International for Norwegian Church Aid, says more than 100 countries are struggling to service their debts, resulting in them cutting back on investment in health, education, social protection and climate change measures.