Debt can drive sustainable development. No country has developed without it. But only when the #debt is fair, sustainable and inclusive. Today, more than 3.4 billion people live in countries that spend more on debt payments than on #health, #education and #ClimateAction. Developing countries pay up to 12 times more to borrow than developed countries. To resolve the global debt crisis, we must establish an inclusive debt restructuring mechanism that ensures public debt sustainability. Let’s make
Debt can drive sustainable development. No country has dev…
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FacebookUN SDG Action Campaign
Debt can drive #sustainabledevelopment. No country has developed without it. But only when the #debt is fair, sustainable and inclusive. Today, more than 3.4 billion people live in countries that spend more on debt payments than on #health, #education and #ClimateAction. Developing countries pay up to 12 times more to borrow than developed countries. To resolve the global debt crisis, we must establish an inclusive debt restructuring mechanism that ensures public debt #sustainability. Let’s make
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163 views1 month ago
FacebookUN SDG Action Campaign
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Even before #COVID19, many low- and middle-income countries were on the verge of debt distress. How do we give them more space to grow? Find out from our latest #Fin4Dev report: bit.ly/fsdr2021 #FinancingOurFuture | United Nations Department of Economic and Social Affairs (DESA)
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