"Some 3.3 billion people — almost half of humanity — live in countries that spend more on debt interest payments than on education or health," Guterres lamented. / Photo: Reuters
"Half our world is sinking into a development disaster, fuelled by a crushing debt crisis," said the secretary-general, presenting a United Nations report on the state of the world's debt on Wednesday. Guterres added that"because most of these unsustainable debts are concentrated in poor countries, they are not judged to pose a systemic risk to the global financial system.
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