lec_14_110B - Economics110B WorldEconomic HistoryII...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
    Economics 110B  World Economic  History II Spring 2009  University of California, Davis Lecture 14: Debt Crises, Debt Disasters  and Debt Relief
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
    Today’s Program The history of excessive debt The level of debt now and the unhappy statistics The early years---from UNCTAD to HIPC The players Multilaterals—IMF/World Bank  Bilateral Lenders—Governments—Paris Club Total Debt Relief—Jeff Sachs, Bono, Jubilee 2000 Debt Relief so far and future prospects 20 Years of debt relief/concessions/rescheduling Who has been approved? Has it been successful?
Background image of page 2
    Readings Sachs, Jeffrey; Botchwey, Kwesi; Cuchra; Maciej and  Sievers, Sara (1999) “Implementing Debt Relief for the HIPCS” Center for International Development  at Harvard University working paper This is posted on smartsite World Bank HIPC site:  http://www.worldbank.org/hipc/
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
  The Problem of High Debt in Poor  Countries     Debt payments in the HIPCS take up too many scarce resources.  This disables attempts to develop and hinder economic growth. HIPCs need the resources to deal with health and education and  other productive public services.  Debt forgiveness has been a priority. Will debt forgiveness have negative repercussions on future 
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 21

lec_14_110B - Economics110B WorldEconomic HistoryII...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online