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Poor Countries are Calling For a Debt Revolution

maart 07, 2023by Reacties uitgeschakeld voor Poor Countries are Calling For a Debt Revolution

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Tired of mounting debt and multiple crises, leaders of the world’s poorest countries have called for a rewrite of the rules governing the granting of billions of dollars.

According to OECD data, in 2021 Western countries gave out more than 185 billion dollars in the form of grants and cheap loans. Official development assistance is one of the pillars of the international financial system.

But the 46 least d

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