UNESCO Urges Debt Swaps as 113 Nations Prioritize Loans Over Schools

UNESCO urges debt-for-education swaps as 113 nations spend more on servicing loans than funding public schooling.

The education financing crisis deepens as international aid is projected to plummet 30% by 2027.

Low- and lower-middle-income countries now face a staggering $97-billion annual educational funding gap.

Under UNESCO guidelines, creditors cancel foreign debt so developing countries can fund local school infrastructure.

UNESCO Urges Debt Swaps as 113 Nations Prioritize Loans Over Schools

UNESCO urges debt-for-education swaps as 113 nations spend more on servicing loans than funding public schooling.

The education financing crisis deepens as international aid is projected to plummet 30% by 2027.

Low- and lower-middle-income countries now face a staggering $97-billion annual educational funding gap.

Under UNESCO guidelines, creditors cancel foreign debt so developing countries can fund local school infrastructure.

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