In the summit, British Prime Minister Tony Blair had announced that in addition to the huge sum of $40 billion aid package, 100% of the multilateral debt of the poor countries would be cancelled. This, pundits argued, would enable poor countries to find their paths to reduce poverty. The reality is different; for one, only 18 countries will be allowed debt write off and that too for a period of three years. The killer is: for every dollar of debt relief given, one dollar would be deducted from aid...
For Complete, IIPM Article Click On IIPM-Editorial Link
Source:- IIPM-editorial, Editor:- Prof. Arindam Chaudhuri, 2006
For Complete, IIPM Article Click On IIPM-Editorial Link
Source:- IIPM-editorial, Editor:- Prof. Arindam Chaudhuri, 2006
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