Developing countries spend more repaying foreign debt than on education, UN reveals

According to The Guardian, a new report from UNESCO finds that most developing countries now spend more repaying foreign debt than they spend on education. In one hundred thirteen countries, debt servicing outpaced education spending in twenty twenty-five, and eighteen of them spent five times as much on loans as on schools. Across sub-Saharan Africa, governments paid three point six times more toward debt than toward educating their children. The squeeze comes as global aid to education is projected to fall by as much as thirty percent.

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