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Richard Stallman's Political Notes

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Debt and interest

lundi 29 mars 2021 à 02:00

*Four-fifths of Sudan's £861m debt to UK is interest.*

Many poor countries pour out money to pay interest on old debts that they cannot pay back. In many cases, the borrowing was done by dictators who spent the money and left the country with the debt.

Cancelling these debts would teach banks not to be so eager to make loans to dictators.