Macro economy assignment ;Heavy Indebted Poor countries should debts be written off?
- 1. HEAVY INDEBTED POOR COUNTRIES’ DEBT SHOULD IT BE WRITTEN OFF?
- 2. INTRODUCTION • Heavy Indebted Poor countries or HIPC- – Refers to • (HIPC)initiative was began in 1996 by The world bank, the International monetary fund (IMF)and other multilaterateral,bilateral and commercial creditors. The main initiative being to cut debit for 38 heavily indebted poor countries to sustainable levels. • Most of these debt being not paid due to corruption, natural disasters,wars,bad policies and bad luck made it possible • To current 36 of countries have received full amount of debit relief for which they are eligible under HIPC and MDRI. • give the big picture who qualified, why writing off “initiative”
- 3. Chart Series 1, Category 1, 4.3 Series 1, Category 2, 2.5 Series 1, Category 3, 3.5 Series 1, Category 4, 4.5 Series 2, Category 1, 2.4 Series 2, Category 2, 4.4 Series 2, Category 3, 1.8 Series 2, Category 4, 2.8 Series 3, Category 1, 2 Series 3, Category 2, 2 Series 3, Category 3, 3 Series 3, Category 4, 5 Series 1 Series 2 Series 3
- 4. In imf’s point of view • First bullet point here • Second bullet point here • Third bullet point here Class Group A Group B Class 1 82 95 Class 2 76 88 Class 3 84 90
- 5. Add a Slide Title - 1
- 6. In Africa's pov • According to those who support debt clearing –Jeffrey Sachs,special adviser to Kofi Annan on Global Anti-poverty • Debt payment has become a political embarrasment and calls for loan modification proliferated since it meant forcing countries that were already poor to cut down on money budgeted for schools and hospitals • Third bullet point here
- 7. Pros & CONS
- 8. IMPACTS
- 10. Add a Slide Title - 4
- 11. Add a Slide Title - 5