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Emerging nations crippled by $29 trillion in debt while creditors milk surcharges

As if dealing with COVID-19, conflicts, and climate change wasn't enough, emerging nations are now suffocating under a colossal $29 trillion in public debt.

According to a new UN report, the debt crisis is so bad that "15 countries are spending more on interest payments than they do on education" and "46 spend more on debt payments than they do on health care." — Read the rest

The post Emerging nations crippled by $29 trillion in debt while creditors milk surcharges appeared first on Boing Boing.

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