Campaigners say repayments have doubled since 2010, leading to public spending cuts

Debt repayments by the world’s poorest countries have doubled since 2010 to reach their highest level since just before the internationally organised write-off in 2005, campaigners have warned.

The Jubilee Debt Campaign (JDC) said a borrowing spree when global interest rates were low had left many developing nations facing repayments bills that were forcing them into public spending cuts.

Continue reading…

Read More Debt crisis warning as poorest countries’ repayment bills soar

Facebook Comments