This campaign has now closed
Vital public services in developing countries like healthcare, water and education are being threatened by rising debt levels and the risk of a new debt crisis. This project will sound the alarm on the new debt trap and its threat to poverty alleviation and sustainable development
Categories
Beneficiaries
Situation
With debt levels of developing countries rising rapidly, there is now a real threat of a repeat of the ‘Third World’ debt crisis which trapped countries across Africa, Asia and Latin America in a spiral of debt and impoverishment for two decades. 22 countries are already in debt crisis, and a further 71 at risk. The debt trap is already threatening essential public services, with governments diverting scarce funds away from health, education, water and sanitation just to service their debts.
Solution
The focus of this project is awareness-raising amongst politicians, policy-makers, and the public about the threat to development posed by booming debt levels, and the action needed to avert the new debt trap. We will press the UK government to take acti