UNESCO says 113 countries, home to 6.1 billion people, spend more on debt servicing than on education, in a Debt and Education package released on July 10 at the Transforming Education Summit (TES+4). In low-income countries, debt payments run nearly four times higher than education spending, the agency says, and in 18 of the most heavily indebted countries they exceed government spending on education by a factor of five or more.
The Guardian, reporting the research the same day, says the 113 countries spent more servicing foreign debt than on education in 2025, that countries in sub-Saharan Africa spent 3.6 times more on debt than on education, and that Sri Lanka spent up to 16 times more. Min Jeong Kim, director of UNESCO’s education division, told the paper: “Current approaches really keep the countries trapped in a cycle of austerity, underinvestment and stalled development.”
Aid cuts compound the squeeze, UNESCO says: aid to education fell 8% in 2024, aid to basic education fell 15%, and the agency projects a decline of up to 30% between 2023 and 2027. Low- and lower-middle-income countries have already lost 21% of the education aid they received in 2023, and Afghanistan, Liberia, Mali and Niger have lost more than 40%, it says. UNESCO also launched a technical guide on debt-for-education swaps and cites a 2024 €29 million swap with Germany that helped Egypt fund school feeding and nutrition.
The Guardian quotes the UK campaign group Debt Justice, which says repayments by poorer countries hit a 35-year high last year; its policy director, Tim Jones, calls for more debt cancellation and a faster relief process.
