debt relief for poor countries?
Friday, July 31st, 2009 at
4:52 pm
You are currently browsing comments. If you would like to return to the full story, you can read the full entry here: “debt relief for poor countries?”.
Tagged with: Debt Relief • debts • Poor Countries
Filed under: Free Money Saving Tips Debt Relief
Like this post? Subscribe to my RSS feed and get loads more!
Much of the money loaned to poor countries was misused or stolen by the governments so produced no returns to pay back the loans. This means as a practical matter you can’t collect on much of the loans, so it is a matter of discrimination how much of the debt to forgive and what reforms are required before forgiveness takes place.