Thursday, 17 December 2020

DAY SEVENTEEN - CANCEL THE DEBT

Now more than ever countries need to focus their resources on healthcare, rather than on debt payments. 


But the economic turmoil caused by coronavirus is pushing indebted countries deeper into crisis. 

 

The cost of borrowing has gone up significantly, and they are getting less money for products like copper and coffee, on which their economies depend.


Lower-income countries are due to spend $40 billion on debt payments in 2020 alone.

 

Countries like the Central African Republic have just 3 ventilators for almost 5 million people, and Malawi has only a quarter of the nurses needed to provide healthcare for all. It’s crucial that funds are freed up to help countries cope this winter.

 

Your action today is to to tell the Chancellor, Rishi Sunak, to use the UK’s influence in international meetings to drop debt and save lives, put simply: #CancelTheDebt

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