Debt, the IMF, and the World Bank: Sixty Questions, Sixty Answers
...not only an indispensable tool for pro-poor anti-debt activists, but also a very useful synthesis that can and should be used in classrooms.---Gilbert Achcar, Professor of Development Studies, School of Oriental and African Studies, University of London
...explains the historical context behind the debt crisis, including the role of key players and the way in which debt in linked to foreign policy, war, corruption, and economic agendas. Toussaint and Millet provide a key intervention at a moment when we must all rethink the way the global economy should function.---Stephanie Luce, Associate Professor. The Murphy Institute, City University of New York
...proposes radical, pro-development alternatives to the current order of things, not least via calls for the cancellation of the illegitimate international debts made and to developing countries. Critics of the global financial architecture and students and teachers of development economics will find in this important new book an empowering and accessible intellectual framwork for their work.---Ilene Grabel, Professor of international Economics, Josef Korbel School of International Studies, University of Denver.
"Eric Toussaint is one of the brightest and most influential economists of his generation. He is the founder of the CADTM, and has gained a worldwide reputation for his exemplary struggle against the `odious debt' strangling countless countries in the South."---Jean Ziegler, former UN Special Rapporteur
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Why is the term development ambiguous?
What are the Millennium Development Goals MDG?
What are the different kinds of debt
What part did the World Bank play in
What part did the governments of countries
THE STRuCTuRE OF DEVELOPING COuNTRIES DEBT
Of what does the external debt of developing countries consist?
How has the debt changed since 1970?
Do developing countries repay debts?
What about the external public debt of developing countries?
How are the debtrelated financial flows directed?
What about the domestic debt of developing countries?
Does Official Development Assistance ODA
THE DEBT CRISIS
How did the price of commodities evolve during the last quarter of the twentieth century?
What role did the evolution of interest rates play in the 1982 debt crisis?
Are the World Bank the IMF and private banks somehow responsible for the debt crisis?
How did creditors respond to the debt crisis?
Are there any similarities with the 2007 subprime crisis?
THE IMF THE WORLD BANk
AND THE LOGIC OF STRuCTuRAL ADJuSTMENT 93 16 How does the IMF function?
What are the shortterm or shock measures imposed by structural adjustment and what are their consequences?
What are the longterm or structural measures imposed by structural adjustment and what are their consequences?
What is the impact of the IMFWorld Bank logic on the world food crisis of 2007?
THE PARIS CLuB AND THE WTO
What is the Paris Club?
Are all the developing countries treated in the same way by the Paris Club?
What is undermining the Paris Club?
What is the role of the World Trade Organization WTO?
Is microcredit a solution to the excessive debt
What is NEPAD?
Is it impossible to cancel debt?
Why do the governments of the South
What are the moral arguments in favor of canceling
What are the legal arguments in favor of canceling
What are the environmental arguments in favor
Would canceling the debt of developing countries
Will canceling the debt help reinforce
What are the alternatives for human development
If and when the debt is canceled how can a new round
Can the developing countries external public debt
How did the international campaign
The 145 Developing Countries in 2008
Other editions - View all
agreement amount Argentina Asia Bank’s basic bilateral billion borrowing Brazil Burkina Faso CADTM capital China companies cost coun country’s creditors currency debt crisis debt of developing debt relief debt service debt stock decision developing countries Development Finance 2008 economic Ecuador export external debt external public debt financial institutions foreign France French funds Global Development Finance governments Group presided HIPC HIPC initiative IBRD IMF’s imposed increase indebted countries industrialized countries interest rates investment JOSEPH STIGLITZ Latin America leaders loans major ment Mexico multilateral multinationals neoliberal North odious debt Organization Paris Club percent policies populations poverty profits protection public debt Public External Debt QUESTION raw materials reduction regime repay repayments revenues rich countries Russia sector social South Structural Adjustment Programs Sub-Saharan Africa Third World Thomas Sankara tion trade trillion uNCTAD uNDP voting rights vulture funds World Bank