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About the Author

Ana Silva
Student (Coimbra,Portugal)

Undergraduate student of International Relations, with special interest on gender studies, European Union, international organisations and theories of IR, among other things. I will focus essentially on MDGs, as I consider these to be a very important "feature" that embodies the most important premises of the international system at the present time. They are probably going to fail, but even so we ought to call for the conscience of everybody, so that people become aware of what is being done by their national governments concerning the problems that ultimately affect each and every one of us.

Post

Target 8.D: Sustainability of the debt

Published 12th June 2010 - 3 comments - 1757 views -

Target 8.D: Sustainability of the debt

 

I. Principles of action:

“Deal comprehensively with the debt problems of developing countries through national and international measures in order to make debt sustainable in the long term.”

 

II. Criticisms:

In the context of debt relief, Samir Amin points out to the need of creating legal frameworks and respective bodies to decide upon conditions to be applied, while claiming for “the necessity for an audit that makes it possible to classify the debts” (as “immoral”, “illegal” or “acceptable”, for instance), and condemning the conceivers of MDGs for ignoring these needs in their approach.

 

III. Progress:

We’ve just mentioned the progresses achieved concerning debt relief, which are relevant to the “credibility” of the countries to try to get new financing, especially since the access to these may be restrained due to the worldwide constriction of credit allocation. The current conjuncture is creating serious problems to several developing countries in managing to service their debts because these countries do not have the mechanisms to adequately fight the crisis effects, and this is why the actors of the international system are being urged to provide additional support to developing countries, such as temporary moratoria to the debt service, and mechanisms to manage situations of serious over-indebtedness or prevent those from occurring.

 

 


Category: Aid | Tags:


Comments

  • Carmen Paun on 15th June 2010:

    Hey Ana Silva, I am curious if the text below is an extract of an official document or is it the result of your research? It is not clear to me.


  • Ana Silva on 15th June 2010:

    Hello,

    “I. Principles of action” id copied from an official website, and the other comments are the result of my readings and research from several sources


  • Hanna Clarys on 24th June 2010:

    I always think that, even if those countries get total debt relief, they will have to make new loans again because they need to rebuild their land, create new infrastructure, fight poverty, etc.

    It seems to me like it will be a vicious circle, however I totally support debt relief.


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