Land that debt forgot: tiny Pacific country of Niue has no interest in loans
Apparently Niue has no money any more. Because according to Ritchie if you pay off the national debt then there is no money.
One of the world’s smallest countries has declared itself debt-free and is spending the extra money on increasing pensions and offering incentives to lure expatriates home.
Well, look at that, if you’re not spending the money on interest payments then you can do better things with the cash.
Amusing that The G highlights this really.