International Borrowing and Institutions (Edexcel A-Level Economics A): Flashcards
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Multilateral institutions
Multilateral institutions
Organisations of multiple countries pooling resources for development
Concessional terms
Concessional terms
Loan conditions more favourable than commercial market rates
International debt crisis start
International debt crisis start
Early 1980s, triggered by Mexico's inability to repay debts
Uganda's debt servicing burden in 1990
Uganda's debt servicing burden in 1990
Over 80% of export earnings went to debt servicing
IMF's primary role
IMF's primary role
Short-term financing for balance of payments problems
World Bank's primary role
World Bank's primary role
Long-term financing for development projects
HIPC Initiative launch year
HIPC Initiative launch year
1995
Who articulated Washington Consensus & when
Who articulated Washington Consensus & when
John Williamson in 1989
Moral hazard in debt relief
Moral hazard in debt relief
Risk that forgiveness encourages future irresponsible borrowing
NGOs
NGOs
Non-profit voluntary citizens' groups (local to international)