Reducing debt payments for the world’s poorest countries to more manageable levels could dramatically improve access to education and clean water, potentially allowing 5 million more children to attend school and providing clean drinking water to 17 million people, according to a recent study.
Research conducted by academics at the universities of St Andrews and Leicester highlights the significant benefits of cutting down on these repayments. The study suggests that reducing the debt burden could also save the lives of 60,000 children and mothers annually.
As external debt payments reach their highest levels in 30 years, the findings have energized campaigners who are calling for creditors to offer more favorable terms to low-income…
