The cost of servicing external debts in 64 countries exceeded what they spent on healthcare… The situation is made worse as poor & middle-income countries are getting in more debt to buy vaccines.
The cost of servicing external debts in 64 countries exceeded what they spent on healthcare… The situation is made worse as poor & middle-income countries are getting in more debt to buy vaccines.
Each such country should mint a trillion <unit> coin and pay off their national debt in one fell swoop.
Learn from the best at shirking debt: the United States of America.
Those debts would be held in USD or EUR and the countries in question cannot print that. If they would start printing their own currency to pay it off, their currency would get devalued, meaning that they likewise wouldn’t be able to serve the debt.