Countries swap debt for healthcare

According to some estimates, it would take $50 billion to fund healthcare needs in developing countries. To close this gap, one international health organization proposes that developing countries get the chance to cancel portions of their debt if they spend on approved health projects. Backers say the Debt2Health plan is a "win-win"--cutting the risk creditors face while giving needy countries more money to deal with health crises. Indonesia, Pakistan, Peru and Kenya will become the first four countries involved in Debt2Health, and the pilot program will wrap up in 2010.

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- check out this UPI article

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