To end déjà vu on debt, strengthen accountability systems ...Middle East

As many countries face the crushing weight of unsustainable debt, calls for relief are mounting. The proportion of low-income countries in debt distress, or at high risk of debt distress, has doubled to 60 percent from 2015. The United Nations reports that 25 of the world’s poorest countries are now spending more on debt than education, health and social protection combined.  The status quo is simply unsustainable — and the world’s poorest communities are bearing the brunt.  Both borrowers and lenders have a responsibility to be transparent over loan contracts, and doing so is good for everyone. Some lenders have improved their transparency standards, but others opt for opacity. Whi

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