Heavily indebted poor countries

1) The world's 137 poorest nations owe a total of $ 2.6 tn in international debt, and these countries on average spend 25% of their national budget in repaying the debt depleting the countries resources to invest in infrastructure, education, health care and other social programs.

2) Fearing that debt repayment will rob these countries of their future, a number of policy makers and international activists groups called on the lenders to write off the debt of the poor countries.

3) On the other hand, multilateral lenders like the International Monetary Fund and the World Bank cited that debt cancellation was not beneficial for the financial health of the international creditors and it might affect the poor countries more than helping them. 

4) But several African countries prefer an increase in the flow of other resources from the developed countries rather than cancellation of debt. While the African nations should focus on implementing poverty reduction programs and economic growth strategies. The lenders should increase their aid, encourage free trade by opening up their markets and reducing trade barriers, encourage immigration and link the interest payment on the debt to the nation's growth.