According to the annual Debt Report published by the Catholic aid organization Misereor and the NGO Erlassjahr, countries in the Global South will have to service more debt this year than ever before. The two organizations estimate interest and redemption payments for this year at 487 billion US dollars. On average, debt service to foreign creditors amounts to 14.7 percent of government revenue. 45 countries would have to pass on an even higher proportion of their income to their creditors, which is internationally considered unsustainable.