The world's poorest countries are being crushed by unmanageable debt and richer nations need to do more to help. Emerging nations are contending with a staggering $29 trillion in public debt.
Fifteen countries are spending more on interest payments than they do on education, according to a new report from the United Nations Conference on Trade and Development; 46 spend more on debt payments than they do on health care. Unmanageable debts have been a recurring feature of the modern global economy, but the current wave may well be the worst so far.
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