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Economists Demand Debt Relief to Aid Millions

10/14/2025

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Summary

Story summary

A group of more than 30 economists and former finance ministers calls for immediate debt relief for low- and middle-income countries.
They say debt repayments hinder funding for essential services and urge relief before World Bank–IMF meetings.
They note African nations spend 17% of revenues on debt servicing and propose a 10% cap.
A cap could provide clean water to 10 million people and save 23,000 children annually.

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Story summary

A group of more than 30 economists and former finance ministers calls for immediate debt relief for low- and middle-income countries.
They say debt repayments hinder funding for essential services and urge relief before World Bank–IMF meetings.
They note African nations spend 17% of revenues on debt servicing and propose a 10% cap.
A cap could provide clean water to 10 million people and save 23,000 children annually.