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Mon 18 Jul, 2005 07:53 pm
News clip"...G-8 Writes Off $55 billion Debt of 18 poor countries."
Does G-8 lends money to poor nation ? i knew only world bank is the authority who lends money to the poor nation.
i want to know a bit info aboutr that clippings. plz clarify.
thank you
They're forgiving debt, not loaning money.
Forgiving former debt. I have not read enough to comment how I think yet.
<adds another thing to 'to do' list>
TTF
Why should the debt be forgiven? We are only going to give them more anyways.
sweet!..I thinks its good!
i have got some info.
here are.
on the basis of less corruption they are forgiving debts. in the coming days they have sorted out 9 more countires to forgive debts.
it is a good approach. but is this a selfless effort ? in exchange are they getting anything from those countries ? do u think in order to influence and get market in those countries they are playing like this ?
something for something isnt it?
I would like to think it wasnt, hey maybe in the long term it very well could be...
but I would like to see these poor countries get their economy's up and running, get their people fed and housed, job creations, education.....
someone has to start some where and I think good on them!
its only a start, so Im sure we will see where this goes.....
if it all turns to custard well more fool us then, at least someone tried.
KiwiChic wrote:something for something isnt it?
I would like to think it wasnt, hey maybe in the long term it very well could be...
but I would like to see these poor countries get their economy's up and running, get their people fed and housed, job creations, education.....
someone has to start some where and I think good on them!
its only a start, so Im sure we will see where this goes.....
if it all turns to custard well more fool us then, at least someone tried.
I don't like seeing my nations going to something that isn't constitutional. If we are going to loan money out then we should get that money back. If they can't pay then they shouldn't accept the money.
If we did just forgive the debt then we had better of gotten something for our hard earned money. Nothing in this world is free!
LOL your nations? constitutional? the world does not just consist of the USA bud....
the problem is they all have tried to pay back the loans and they just cant do it...because of the lack of resources.
So I guess you didnt take part in 'Live 8' then?
KiwiChic wrote:LOL your nations? constitutional? the world does not just consist of the USA bud....
the problem is they all have tried to pay back the loans and they just cant do it...because of the lack of resources.
So I guess you didnt take part in 'Live 8' then?
My nation as in the US. I know we make up the bulk of payments to other nations. Do you deny this?
aaah so what? your President agreed to this so take
it up with him not me.
like you said your money, your nation.
Well it should make most of the lefties feel better to know I have now found another thing I disagree with the present admin over.
I gather you did not vote for him then?
KiwiChic wrote:I gather you did not vote for him then?
Quite the opposite. Indeed I did vote for him.
Baldimo wrote:KiwiChic wrote:LOL your nations? constitutional? the world does not just consist of the USA bud....
the problem is they all have tried to pay back the loans and they just cant do it...because of the lack of resources.
So I guess you didnt take part in 'Live 8' then?
My nation as in the US. I know we make up the bulk of payments to other nations. Do you deny this?
The G8 countries pledged to provide additional funds to compensate the World Bank and African Development Bank in full for the assets written off. They also agreed to meet any shortfall that the IMF could not cover from its own internal resources.
Brown said Britain will pay $700 million to $960 million over the next 10 years to fund the compensation package, while the U.S. will pay $1.3 billion to $1.75 billion. Germany would pay $848 million to $1.2 billion to offset future lost repayments to the World Bank and the African Development Bank.
Intrepid wrote:Baldimo wrote:KiwiChic wrote:LOL your nations? constitutional? the world does not just consist of the USA bud....
the problem is they all have tried to pay back the loans and they just cant do it...because of the lack of resources.
So I guess you didnt take part in 'Live 8' then?
My nation as in the US. I know we make up the bulk of payments to other nations. Do you deny this?
The G8 countries pledged to provide additional funds to compensate the World Bank and African Development Bank in full for the assets written off. They also agreed to meet any shortfall that the IMF could not cover from its own internal resources.
Brown said Britain will pay $700 million to $960 million over the next 10 years to fund the compensation package, while the U.S. will pay $1.3 billion to $1.75 billion. Germany would pay $848 million to $1.2 billion to offset future lost repayments to the World Bank and the African Development Bank.
As I stated, the US is going to pay the most and I don't like that idea.
Baldimo wrote:Intrepid wrote:Baldimo wrote:KiwiChic wrote:LOL your nations? constitutional? the world does not just consist of the USA bud....
the problem is they all have tried to pay back the loans and they just cant do it...because of the lack of resources.
So I guess you didnt take part in 'Live 8' then?
My nation as in the US. I know we make up the bulk of payments to other nations. Do you deny this?
The G8 countries pledged to provide additional funds to compensate the World Bank and African Development Bank in full for the assets written off. They also agreed to meet any shortfall that the IMF could not cover from its own internal resources.
Brown said Britain will pay $700 million to $960 million over the next 10 years to fund the compensation package, while the U.S. will pay $1.3 billion to $1.75 billion. Germany would pay $848 million to $1.2 billion to offset future lost repayments to the World Bank and the African Development Bank.
As I stated, the US is going to pay the most and I don't like that idea.
Put this into perspective given the size of the U.S., Britain and Germany. You still think the U.S. is footing the most per capita?
Intrepid wrote:Baldimo wrote:Intrepid wrote:Baldimo wrote:KiwiChic wrote:LOL your nations? constitutional? the world does not just consist of the USA bud....
the problem is they all have tried to pay back the loans and they just cant do it...because of the lack of resources.
So I guess you didnt take part in 'Live 8' then?
My nation as in the US. I know we make up the bulk of payments to other nations. Do you deny this?
The G8 countries pledged to provide additional funds to compensate the World Bank and African Development Bank in full for the assets written off. They also agreed to meet any shortfall that the IMF could not cover from its own internal resources.
Brown said Britain will pay $700 million to $960 million over the next 10 years to fund the compensation package, while the U.S. will pay $1.3 billion to $1.75 billion. Germany would pay $848 million to $1.2 billion to offset future lost repayments to the World Bank and the African Development Bank.
As I stated, the US is going to pay the most and I don't like that idea.
Put this into perspective given the size of the U.S., Britain and Germany. You still think the U.S. is footing the most per capita?
To me it isn't about per capita. It is about how much money we are spending as a country that can be used here. We are spending the most period end of story. It is always the case with the US.
Think of how much money you would have without the Iraq fiasco
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