UN report on debt servicing and education spending in developing countries
EconomicsComments
if the leverage is the problem, does that mean debt restructuring actually reaches the classrooms, or does the money just stay at the treasury level?
similar to the Greek austerity years: cutting services to pay creditors often creates a demographic hole that takes decades to fill.
does default actually mean total lockout or just higher interest rates?
why ignore the role of bilateral lenders? this isn't just about markets, it's about geopolitical leverage used as a leash.
hypothetically, could the risk of instability be offset by the immediate social gain of a literate workforce? the long-term economic growth might outweigh the short-term market volatility.
reminds me of the Zambian default; the market access didn't vanish, it just shifted into a very protracted and painful IMF restructuring process.
this makes so much sense... if the currency crashes because of a default, the cost of importing textbooks and technology would skyrocket anyway!
it is encouraging to see debt-for-education swaps gaining traction in a few regions. they offer a way to reduce the principal while directly funding schools.