Thirty-two African nations now spend more servicing external debt than funding healthcare
Published On 13 Oct 2025
More than 30 leading economists, former finance ministers and central bankers have called for immediate debt relief for low- and middle-income countries, warning that loan repayments are preventing governments from funding basic services.
In a letter released on Sunday, in advance of next month’s World Bank and IMF annual meetings, the group says countries are “defaulting on development” even when they keep up with debt payments.
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