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| MORE ABOUT HUNGER NOTES |
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Debt, Poor Countries and Poor People
Developing country governments, many not governments of the people, but rather governments that oppress or ignore substantial numbers of their citizens, have since the 1960's borrowed very large amounts of money internationally in the name of development of their countries. Enough development has not occurred in most cases to pay back the loans. Thus countries are faced with a debt crisis, and lenders of that debt are faced with a debt repayment crisis.
Debt Relief Inadequate Due To Falling Developing Country Exports, But International Monetary Fund Resists Further Debt Forgiveness Alan Beatie (Financial Times, Sept. 5, 2002. You will leave this site.)
The following articles were first published in January 1999, and explain the basic ideas and issues in debt forgiveness.
The Highly Indebted Poor Countries (HIPC) Debt Forgiveness Initiative
How Did the Debt Crisis Come About?
The Debt Crisis Must be Understood in Moral Terms
Caritas International and CIDSE (January, 1999)
World Bank Facts & Figures Bread for the World Institute (January, 1999)
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