Africa spends much more on debt repayment than health

There’s been much coverage in recent weeks about the need for developing countries, particularly in Sub-Saharan Africa, to seek debt relief from the multilaterals like World Bank, IMF and other creditors. Rather than ask to completely replay the 1990s when some of the world’s low- and low-middle income countries negotiated debt forgiveness from the Paris Club coalition of some of the world’s wealthy countries, this time the discussions have been about pausing repayments on debt that has been been accumulated over the last decade of relatively cheap credit. [Quartz]