‘Crushing’ debt crisis spells development disaster for billions: UN chief

Half of humanity lives in countries that are forced to spend more on servicing their debt than on health and education, which is nothing less than a development disaster, UN Secretary-General António Guterres said on Wednesday.

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‘Crushing’ debt crisis spells development disaster for billions: UN chief
‘Crushing’ debt crisis spells development disaster for billions: UN chief

‘Crushing’ debt crisis spells development disaster for billions: UN chief

12 Jul 2023

Half of humanity lives in countries that are forced to spend more on servicing their debt than on health and education, which is nothing less than a development disaster, UN Secretary-General António Guterres said on Wednesday.

Many countries spending more on debt than education, health and social protection combined

01 Apr 2021

Around one in eight nations spends more on debt than on social services, according to a new report from the UN Children’s Fund (UNICEF) launched on Thursday, calling for debt service relief and restructuring to enable countries to bounce back from the pandemic.

Guterres urges countries to recommit to achieving SDGs by 2030 deadline

25 Apr 2023

More than half the world is being left behind at the midpoint for achieving the 2030 Agenda for Sustainable Development, UN Secretary-General António Guterres told ambassadors in New York on Tuesday.