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The debt of developing countries usually refers to the external debt incurred by governments of developing countries. There have been several historical episodes of governments of developing countries borrowing in quantities beyond their ability to repay. "Unpayable debt" is external debt with interest that exceeds what the country's ...
Government debt is typically measured as the gross debt of the general government sector that is in the form of liabilities that are debt instruments. [2]: 207 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and ...
[1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.
The heavily indebted poor countries (HIPC) are a group of 39 developing countries with high levels of poverty and debt overhang. Because of these factors, the International Monetary Fund (IMF) and the World Bank have classified them as eligible for special assistance. The HIPC Initiative was initiated by the International Monetary Fund and the ...
A developing country is a sovereign state with a less developed industrial base and a lower Human Development Index (HDI) relative to other countries. [ 3 ] However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category. [ 4 ][ 5 ] The terms low and middle-income country (LMIC) and ...
Global Development Finance. The World Bank ’s Global Development Finance, External Debt of Developing Countries (GDF) is the sole repository for statistics on the external debt of developing countries on a loan-by-loan basis. This edition of GDF presents reported or estimated data on the total external debt of all low-and middle-income ...
Debt Justice (formerly Jubilee Debt Campaign, Jubilee Debt Coalition and Drop The Debt) [1] is a UK-based campaigning organisation that exists [2] to end unjust developing countries' debt [3] and the poverty and inequality it perpetuates. The organisation’s activities include campaigning, [4] advocacy, community organising and activism [5 ...
Cumulative per capita anthropogenic atmospheric CO 2 emissions by country measured between the years 1950 and 2000. Climate debt is the debt said to be owed to developing countries by developed countries for the damage caused by their disproportionately large contributions to climate change. Historical global greenhouse gas emissions, largely ...