Nepal: Drop the Debt
Categories: Articles:Development |
Published: 26/06/2015 |
Nepal was hit by a second massive earthquake, just two weeks after more than 8,000 people were killed and an estimated 8 million were affected by a devastating earthquake measuring 7.8 on the Richter scale. As with other disasters, the British public have responded with extraordinary generosity, pledging £50 million to the Disasters Emergency Committee so far. Yet today Nepal is making a $3.5 million debt payment to the IMF, and a total of $210 million of debt payments are due this year.
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