Developing countries spend more repaying foreign debt than on education, UN reveals

Unesco report shows children lost out to servicing debt in 113 countries, with 18 spending five times more on loans Most developing countries spent less on education than they did repaying debt last year, according to the UN, at the same time as global aid to education is predicted to decline by up to 30%. More was spent on servicing foreign debt than on education in 113 developing countries in 2025, according to research by the UN’s culture and education agency, Unesco. In sub-Saharan Africa, countries spent 3.6 times more on debt than education . Continue reading...