Three ways to help the developing world survive the end of aid | Winnie Byanyima

Wealthy nations are slashing funding for essential services such as the HIV/Aids response, but poorer countries cannot absorb the impact overnightCountries 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 – 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.Developing countries are drowning in debt, facing interest rates up to 12 times higher than wealthy countries. When interest rates shot up after Russia’s invasion of Ukraine, the global south was worst hit. Low- and middle-income countries now pay $4 (£3) to the richest in the global north for every $1 they receive in aid. Thirty-four of Africa’s 54 countries spend more on debt than on healthcare. Continue reading...

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