Warning: Use of undefined constant referer - assumed 'referer' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 102

Warning: Use of undefined constant host - assumed 'host' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 105

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 106

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 109
Development - Debt - College Paper

Development - Debt

How poorer countries get into debt.

How debt can affect people and the environment

Central America used to have about 500,000 km[2] of rainforest. By the late 1980s, more than 80 % of it had gone. Every year, more than 800 km[2] of rainforest are cut down in Honduras - to be replaced by ranches, banana plantations and small farms.

The connection between the rainforest and debt:

* The trees that are cut down provide hardwood. This is sold overseas to earn foreign money to repay Honduras's debt.

* The new fruit plantations are also earn money to repay debt.

Every year, 20% of the money Honduras earns from exports is spent on debt repayment.

Cancelling debt

In July ...

Want to read the rest of this paper?
Join Essayworld today to view this entire essay
and over 50,000 other term papers

on education, healthcare and reducing poverty.

By 2008, 27 of the 38 HIPC countries had met these conditions, and had had $85 billion of debt cancelled. But African countries still owe $300 billion, and there's little chance that they will be able to repay it.

G8

* Canada, France, Germany, Italy, Japan, the Russian Federation, the UK and the US.

* An assembly od world leaders who meet annually to discuss world issue.

* It works throughout the year to tackle important contemporary topics such as economy and climate change.

HIPCs

* The World Bank HIPc initiative currently identifiers 38 countries, most of them in Sub-Saharan Africa, as potentially eligible to receive debt relief.

* For example, Afghanistan, Ghana, Haiti, Zambia..

How Uganda's development has benefitted from debt cancellation

Cancelling $1.5 billion of Uganda's debt has had a major positive impact on the country's development:

Before cancelling debt

During and after cancelling ...

Get instant access to over 50,000 essays.
Write better papers. Get better grades.

Already a member? Login

CITE THIS PAGE:

APA
MLA
Chicago
Turabian

Development - Debt. (2014, April 2). Retrieved November 28, 2024, from http://www.essayworld.com/essays/Development-Debt/103885

"Development - Debt." Essayworld.com. Essayworld.com, 2 Apr. 2014. Web. 28 Nov. 2024. <http://www.essayworld.com/essays/Development-Debt/103885>

"Development - Debt." Essayworld.com. April 2, 2014. Accessed November 28, 2024. http://www.essayworld.com/essays/Development-Debt/103885.

JOIN NOW

Join today and get instant access to this and 50,000+ other essays

PAPER DETAILS

Added: 4/2/2014 12:14:57 PM
Submitted By: sharoncsl
Category: Economics
Type: Free Paper
Words: 516
Pages: 2

Save |

Report

SHARE THIS PAPER

SAVED ESSAYS

Save and find your favorite essays easier