Wealthy nations are slashing funding for essential services such as the HIV\/Aids response, but poorer countries cannot absorb the impact overnight<\/p>\n
Countries across the world are cutting aid budgets, abandoning the decades-old consensus that supporting health and development is both a moral duty and a strategic interest. But the end of aid cannot mean the end of global solidarity \u2013 because our global economy is stacked against low- and middle-income countries to such an extent that they simply cannot afford to respond to global crises alone.<\/p>\n
Developing countries are drowning in debt, facing interest rates up to<\/a> 12 times higher than wealthy countries. When interest rates shot up after Russia\u2019s invasion of Ukraine, the global south was worst hit. Low- and middle-income countries now pay<\/a> $4 (\u00a33) to the richest in the global north for every $1 they receive in aid. Thirty-four of Africa\u2019s 54 countries spend more on debt<\/a> than on healthcare.<\/p>\n Continue reading…<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Wealthy nations are slashing funding for essential services such as the HIV\/Aids response, but poorer countries cannot absorb the impact overnight Countries across the world are cutting aid budgets, abandoning the decades-old consensus that supporting health and development is both a moral duty and a strategic interest. But the end of aid cannot mean the … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-40214","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/40214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=40214"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/40214\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=40214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=40214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=40214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}