UN launches a forum to tackle the debt crisis in developing countries [SOUND]

# The United Nations has launched the Sevilla Forum on Debt, which will promote fairer lending, faster restructuring, and long-term reform of the post-war financial system. About 3.4 billion people live in countries that spend more on servicing debt than on health or education. UN secretary general, António Guterres, says more than 60 developing countries now spend at least ten-percent of government revenue on interest payments, while many face declining access to affordable credit: