Editorial: The Guardian

• Many low-income nations are spending more on interest payments than on vital sustainability objectives.
• The world's poorest countries are struggling due to global warming, food insecurity, rising poverty, and dollar-denominated debt.
• Inflation and high-interest rates have pushed many countries to the echo of collapse, with 18 sovereign defaults in 10 developing countries between 2020 and 2023.
• An estimated $2.4tn annual investment is required to get back on track.
• Low-income countries are spending more on debt repayments than on social assistance or healthcare.
• There is a need for far quicker and more generous restructuring of existing debt.

Conclusion: Extensive debt relief is required. A radical and realistic approach is needed to face the environmental, social, and economic crises these countries are suffering from.

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