The Global South is being forced to choose creditors over children

https://www.aljazeera.com/opinions/2026/7/25/the-global-south-is-being-forced-to-choose-creditors-over-children

⁠New figures released by UNESCO show that 113 countries with a total population of 6.1 billion now spend more on servicing debt than educating their people. In low-income countries, debt payments are nearly four times education expenditure. In 18 of the most heavily indebted countries, governments spend at least five times more on debt than on education.

24 points · 2 comments · view on lemmy.world

2 Comments

frongt@lemmy.zip · 4 pts · 23d (1 reply)

Debt to whom? The article completely omits any mention.

sik0fewl@piefed.ca · 3 pts · 23d

But vast amounts of public wealth are travelling from debtor countries to bondholders, commercial banks, multilateral institutions and wealthier creditor governments.