Exclusive: Levels of education and sanitation predicted to massively improve if creditors reduced payments
Reducing the debt payments made by poor countries to more sustainable levels could help 5 million more children attend school and provide access to clean drinking water to 17 million people, according to research.
It found that, if debt relief reduced payments for the group of 39 countries to 14% of government revenue, 16 million people could gain access to basic sanitation, 7 million could access clean drinking water, 2 million children could attend school and more than 30,000 children and mothers could survive the threat to life of extreme poverty.
Angola, Kenya, Pakistan, South Sudan and Tunisia were among the countries with high debt levels included in the analysis. Dr Bernadette O’Hare from the University of St Andrews said: “There is the potential for huge increases in welfare in highly indebted countries if debt was reduced to sustainable levels. These countries are often extremely vulnerable to climate change and many governments must reallocate resources after extreme climate events.
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