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They’ll say that they have donated $25 million to the international medical response, but they won’t say that they are set to receive ten times that amount back in debt repayments from just five countries.
Debt cancellation is the quickest way to ensure that lower-income countries have the resources they need to respond and recover from the pandemic. Yet so far, despite other lenders, including rich countries, already agreeing to suspend debt payments, most banks are yet to act.
You can help get the message across by writing to the CEO of HSBC and other banks.
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