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What Measures can Developing Countries Take to Curb Rising Debt Levels?

Over 3 billion people live in 48 developing countries where their governments pay more on interest payments than on either education or health. That is almost half the world’s population. Education and health are key areas of spending if governments want to increase the productivity of their populations, in addition to infrastructure spending. This is a huge opportunity cost that people around the world, including in the developed world, are facing. […]