Debt Relief: Still failing the poor
Of the twenty-two countries receiving debt relief, three-quarters will be spending over ten per cent of government revenue on debt this year. Sixteen countries will be spending more on debt than on the health of their citizens, and ten will be spending more on debt than on primary education and health combined. Oxfam is calling for deeper and wider debt relief, and for 100% cancellation of IMF and World Bank debt.
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