What policies can less developed countries follow to resolve their debt problem?

Highly indebted countries can resolve by less developed countries:

• Seek help by international agencies for example International Monetary Fund /World Bank Highly Indebted Poor Countries initiative. Less developed countries are needed to show good governance, implement economic reforms, include civil society and meet targets conditionality
• Effort macroeconomic stability from balancing government budgets and tight monetary policy. The resultant decrease in inflation enhances competitiveness, reduces present account deficits and assists earn foreign currency for interest payments
• Reschedule debt repayments for example temporary suspension or longer era of repayment
• Default that is declined to carry on paying debt.

 

Posted Date: 8/30/2013 7:41:08 AM | Location : United States

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