Human Wrongs Watch
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About 60% of the poorest countries are already at high risk of debt distress or already in distress. Credit: Pixabay.
Moreover, the debt-service payments, projected to top 62 billion US dollars in 2022, put the biggest squeeze on poor countries since 2000, according to the World Bank.
As defined by the Organization for Economic Cooperation and Development (OECD), debt service refers to payments in respect of both principal and interest.
HUMAN WRONGS WATCH 