The education of millions of children is at risk because of the current global financial order. We need change

The world claims to regard education as a universal right. Its financial system tells a different story.

⁠New figures released by UNESCO show that 113 countries with a total population of 6.1 billion now spend more on servicing debt than educating their people. In low-income countries, debt payments are nearly four times education expenditure. In 18 of the most heavily indebted countries, governments spend at least five times more on debt than on education.

  • ☂️-@lemmy.ml
    7·
    3 days ago

    in my country fiscal policy heavily favors them over all workers period.

    thanks, IMF.