tutor2u | Debt crisis warning for poorest countries

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Debt crisis warning for poorest countries

Graham Watson

4th April 2019

The Jubilee Debt Campaign are worried about rising levels of government debt that combined with falling commodity prices and rising US interest rates have increased the poorest countries' debt repayments by 85% since 2010. Clearly this has an opportunity cost and that is likely to be spending on other key areas of the economy, potentially harming growth and developmental prospects.

Debt repayments by the world’s poorest countries have doubled since 2010 to $424bn in 2017. Many poor countries have been forced into public spending cuts as a result.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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