1. "The IMF and World Bank hurt poor countries and undermine de
Table 1 below, which relates to low income countries in Sub Saharan Africa gives us an indication of the kind of beneficial terms to which low income countries were given access to and highlights the fact that these already favourable terms actually improved over the years. ... Average Terms of New Credits to Low Income Africa. ... Their debt service payments still account for 15 to 20 percent of their export revenues and the situation is particularly bad in Sub-Saharan Africa where total external debt now stands at over $285 billion, five times as what it was in 1980 and more than 60 pe...
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