Gladwyn d’Souza · @godsouza
107 followers · 1240 posts · Server sfba.socialPreventing #privatecreditors from abusing the system could free up desperately needed #fiscal space for #poorercountries to respond to and prepare for the #climatecrisis. In 2021, #lowincome countries spent an average of 27.5 percent of their #budgets on #debt service; #Nigeria spends a remarkable 96 cents on every #dollar paying back #creditors, according to the #World =Bank.
#privatecreditors #fiscal #poorercountries #climatecrisis #lowincome #budgets #Debt #nigeria #dollar #creditors #world