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WHAT ARE THE SPILLOVER IMPACTS OF EXTERNAL DEBT?
Down To Earth
|July 01, 2025
Development priorities put on back burner
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THE 2024 report by UNCTAD offers a damning indictment of how rising sovereign debt costs are hindering developmental priorities of low- and middle-income countries (LMICs). It says that today, 3.3 billion people live in countries that spend more on interest payments than on health, and 2.1 billion live in countries that spend more on interest payments than on education.
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