the paris club

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http://www.clubdeparis.org/en/

interesting look at the world of international debt...

topical with their announcement that they are going to freeze for a year the debts of some of the countries affected by the south asian tsunami

for all that its going to cost these countries long term - maybe it would have been better to cancel the debt for a year alltogether - as they recently did to a lot of iraqs debt.

more interesting - a program called the HIPC initiative - a program to help countries with a debt burden beyond all internal and external debt repayment capabilites - countries that the imf and world bank have given up on.... http://www.clubdeparis.org/en/presentati...CH=B04WP04 ... and the countries being considered for the program: http://www.clubdeparis.org/en/presentati...CH=B06WP11

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