Global: Financial crisis to drive up debt burden

Poor countries can expect to see their debt repayments to the rest of the world increase by an average of a third by 2014, as they battle with the consequences of the financial crisis in the west, according to a new report by the Jubilee Debt Campaign. In its report 'The State of Debt', Jubilee uses predictions from the IMF and World Bank to show that among 61 poor countries it analysed, total debt repayments are expected to rise by a third on average over the next two years as a result of the slower growth and shaky financial system in the rest of the world.