Debt Relief Articles
Debt has been choking the world's weakest economies and blocking economic progress for billions of the world's poorest people. Governments borrowed money in the past for development projects, but often corrupt leaders stole the proceeds. To pay off the interest and principal, governments have been forced by creditors to slash their social spending and shrink their public sector. Even so, the debt burden continues to grow, placing the poorest countries in a kind of debt bondage.
|
