The Debt Trap: Why Creditors Come First, Children Last Many countries in the Global South are facing a stark reality: their governments must choose between paying off creditors and investing in their children's education.
This is not a matter of fiscal mismanagement or bureaucratic incompetence; it is a symptom of a broken global financial system that prioritizes lenders over those who need help most.
A UNESCO report highlights the scale of this crisis, with 113 countries spending more on servicing debt than educating their people. In low income countries, debt payments are nearly four times education expenditure.