Deteriorating terms of international financial loans to vulnerable countries
Deterioration in the cost of external national finance Increases in interest rates on long-term debts to countries Inappropriate loans available to countries Unreliable forms of concessional and non-concessional lending to countries Decreasing availability of concessional financial resources
This results in dramatic shifts in the debt structure from concessional loans to non-concessional loans with harder lending terms. Developing countries, in particular, are exposed to deteriorating terms of borrowing, including sudden increases in interest rates paid on long-term debts, particularly commercial loans. In addition grace and repayment periods may be reduced.
Every time the USA raises its interest rates thousands die in developing countries because money that would be used for health care and food is sent outside these countries to pay the debt.
The Encyclopedia of World Problems and Human Potential is a collaboration between UIA and Mankind 2000, started in 1972. It is the result of an ambitious effort to collect and present information on the problems with which humanity is confronted, as well as the challenges such problems pose to concept formation, values and development strategies. Problems included are those identified in international periodicals but especially in the documents of some 60,000 international non-profit organizations, profiled in the Yearbook of International Organizations.
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