Economics- Debt Relief

Domestic Implications of Debt ReliefTABLE OF CONTENTSTITLE PAGEChapter One - Introduction .1Chapter Two - Role of existence intrust and IMF .13Challenges and future policies .18Chapter Three - Diagnosis and Reflections on poverty Reduction Policies (Africa exploitation Regions .23Diagnosis and Reflections on Poverty Reduction Policies (Africa maturation Regions ) 23Poverty and recession in sub-Saharan Africa .24Africa deprived of its inheritance .24The urban dynamics : cities suffer most .29Recession and poverty : case studies .36 p Chapter Four - Conclusion and Recommendations .37Policy number post evaluation .37Conclusions .43Resources .44LIST OF TABLESTable 1 . Characteristics of the debt pro of underdeveloped countries .5Table 2 . Comparative performances of sub-Saharan Africa and early(a) developing regions .25Table 3 . discipline indicators in various African cities .32 Chapter OneIntroductionIn young years , the external debt situation for a add of low-income countries has require extremely difficult , prompting the IMF and the World avow to design a framework in 1996 to provide sp be assist to the heavily indebted(predicate) poor countries (HIPC . There ar 41 HIPCs including 31 HIPC-LeDCs , which meet the three criteria to qualify for the compound porta . These criteria argon (i ) a agricultural is alone pensionable for exceedingly concessional assistance (IDA (ii ) it has an IMF poverty reduction and growth rapidness supported-programme (PRGF ) in issue and (iii ) it has agreed to a rescheduling of debts on concessional harm with the Paris edict . According to the UNDP , the most impoverished and insecure countries of the world ar chemical meetinged under the family line of ` to the lowest academic degree developed countries (LeDCs . Most , but not all LeDCs are heavi ly indebted . Furthermore , there are some(! prenominal) heavily indebted countries that do not belong to the LeDC category . A country is designated as a least developed country if it meets inclusion thresholds on the following three criteria (African Development Bank 20051 A low income : income to be below a rude domestic product per capita of US 8002 Weak human resources , mensurable by the Augmented Physical Quality of Life ability , which is ground on indicators of life expectancy at have per capita large calorie intake , combined primary and alternate school document , and adult literacy3 A low train of economic diversification , measured by the Economic diversification Index , which is establish on the share of manufacturing in gross domestic product . The share of the comminute force in industry , one-year per capita commercial faculty consumption and UNCTAD s merchandise export engrossment indexThe classification of HIPCs seems to be based on a hold of thumb rather than on clear-cut quantitative criter ia . In 1996 , when the category was introduced , the group of HIPCs consisted of 32 severely indebted low-income countries and night club other countries . To be classified as severely indebted in 1996 a country should have had1 premise cheer of debt service to GDP to overtake 80 per cent , or2 Present value of debt to exports to exceed 220 per cent (UNCTAD 2002Two other common denominators of this group are that the countries only borrow on highly concessional monetary value from the...If you want to know a full essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay