New report by ActionAid calls for International Monetary Fund to be replaced by new UN convention on debt, highlighting that unpaid debts owed to Africa far exceed the external debts that African nations are forced to pay
Ahead of major African Union summit, a new report from ActionAid warns that a shocking 75.3% of all lower-income countries are spending more on foreign debt than on health and education, as a result of deeply unjust and colonial global economic system. Forcing African countries to forego essential public services such as health, education, and climate.....