POLS 3560 Lecture Notes - International Monetary Fund, Odious Debt, Debt Relief
26 Mar 2014
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Pols 3560 fall/winter 2011/2012 ananya mukherjee-reed. Lecture 10 debt crisis: dissolution of the nationalist model nov 22. The poorest 48 countries have debts totalling us billion, whilst for the poorest 128 countries; it is over us . 7 trillion. The total external debt of the very poorest countries was us billion in 2008. During 2008, these countries paid over . 3 billion in debt service (payments of interest and principal) over million a day. If you include india and pakistan, the figure would be closer to million. For all developing" countries, total external debt owed in 2008 was . 7 trillion and over the course of that year they paid billion servicing these debts. Lend poor countries money to pay interest on original loans. But the strict conditions are: reduce spending on education, health, housing, increase exports to get , increase taxes. For a country to repay its debt easily, it requires:
