These poor countries are caught in a cycle of debt they cannot escape, borrowing more money to make payments on old debts. Sometimes countries cannot service all of their debt. But largely, they do, and at tremendous human cost. Fewer children are educated because their governments have had to charge families unaffordable school fees. More people die of preventable diseases because there is no money for medicines or hospitals.
Crops wither in their fields because government supports for pesticides are gone.
Yes, they probably could better prioritize what little they have. But, while we can spend time finding out who is to blame, and plenty of blame can go around, we must recognize that it is the poorest people, mostly without a voice, who end up paying the price for debts taken on without their input or concerns. I know no one will write off my credit card or mortgage. But I have chosen these debts and reap benefits from them. They are not forced upon me by previous generations and government elites for purposes I do not see.