Eric LeCompte, writing for the Cambridge University Press, Carnegie Council for Ethics in International Affairs journal, examines the impact of high sovereign debts on healthcare in developing countries. Read an excerpt below and click here for the full essay.

 

Addressing Debt Crises, Healthcare Access, and the Pandemic

By Eric LeCompte

Most developing countries continue to wrestle with dramatic health and economic crises spurred by the coronavirus pandemic. Many countries were and still are ill-prepared to deal with the pandemic because of debt crises and unsustainable sovereign debt. As African countries struggle with debt, as of mid-2022, only 15 percent of the continent was fully vaccinated against COVID-19 according to the World Health Organization.

This essay examines the impact of high sovereign debts on healthcare in developing countries. As a civil society advocate, I have monitored how countries’ debts weakened healthcare systems prior to the pandemic and left developing countries with limited resources to provide healthcare and respond to the pandemic. While developing country social infrastructure and health systems are subject to a range of structural threats from corruption to the effects of austerity, unsustainable debt exacerbates most threats these countries face.

 

Read more here.