International Debt

INTERNATIONAL DEBT








JEROLIM FILIPPI
9952100
Mikro-Makro Institut L.Gubitzer
Tutor: Anamarija Batista
7.6.2001
Structure:
• Background Information
• Current Information
o Suggestions for Reform
• 1.Jubilee 2000
• IMF
o Witch are Heavily Indebted Poor Counties (HIPC)?
 The key changes (HIPC)
• Uganda (first HIPC)
o Political Background
o Economic Background
o Corruption
• Final Word
• Sources

















Background Information:*
The debt crisis began in the mid-1970s when many of the Organisations of Petroleum Exporting Countries (OPEC; e.g., Saudi Arabia, Kuwait) amassed great wealth. Banks were eager to lend billions of dollars to OPEC nations as well as other developing countries. These countries borrowed large sums of money at low, but floating, interest rates. As a result of the irresponsibility of both creditor and debtor governments (e.g., cor...