tag:blogger.com,1999:blog-12321066.post112762029157986065..comments2023-10-21T23:20:33.248-09:00Comments on a living hominid: IMF, Debt, and Millennium Goalsalivinghominidhttp://www.blogger.com/profile/16859670922359788978noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-12321066.post-1140798771671329472006-02-24T07:32:00.000-09:002006-02-24T07:32:00.000-09:00confessions of an economic hitman..ditto..very goo...confessions of an economic hitman..ditto..very good book. IMF..*^(@(*'s<BR/>As for Debt erasure ..its a good start but how about getting rid of the criteria that create debt? From our farm subsidies to those pesky arms dealers helping to fuel civill wars. Spoken as a neophyte but heck spoken anyways..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12321066.post-1139408550689956362006-02-08T05:22:00.000-09:002006-02-08T05:22:00.000-09:00Good reading on the subject of the perils of econo...Good reading on the subject of the perils of economic aid and long term crippling indentured countries....Read, Confessions of an Economic Hit Man.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12321066.post-1134534781147900812005-12-13T19:33:00.000-09:002005-12-13T19:33:00.000-09:00Interesting article on remvoal of debt to Africa. ...Interesting article on remvoal of debt to Africa. How sweet of the countries that attended the G8. BUT what Africa really needs is help to propell an industrial revolution. Many of the country's problems will begin to disapate. Blanket AID sometimes is just parallel to a band aid.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12321066.post-1131648914873914472005-11-10T09:55:00.000-09:002005-11-10T09:55:00.000-09:00Will alivinghominid ever post again?Will alivinghominid ever post again?Jasonhttps://www.blogger.com/profile/09102179219392399518noreply@blogger.comtag:blogger.com,1999:blog-12321066.post-1127650845299364702005-09-25T03:20:00.000-09:002005-09-25T03:20:00.000-09:00I believe that is incorrect. This passage is from ...I believe that is incorrect. This passage is from the allafrica.com G8 report<BR/><BR/>1.0 The G8's Promises<BR/><BR/>The G8 promised a doubling of aid to Africa, as part of an overall increase of $48 billion for all developing countries by 2010 (compared to 2004 levels), "which will start to flow immediately" (according to Tony Blair). The European Union promised to increase its aid by an extra $38 billion. Canada promised to double the overall volumes of its aid by 2010 and aid to Africa by 2008/09 compared to the 2003/4 levels. The United States of America promised to double aid to Africa by 2010 whilst Japan pledged an additional $10 billion over the next five years. If the Japanese deliver, this will halt an embarrassing 5-year decline in the volume of Japanese aid. In addition, Germany, Italy, France and the UK confirmed time tables for reaching the much heralded 0.7% of GDP commitment. In contrast, Japan, the United States and Canada remain unwilling to commit to a timetable to reach the 0.7% target. In terms of conditionality, the communiqué contained language to the effect of allowing developing countries to "decide, plan and sequence their economic policies".<BR/><BR/>In terms of debt, the G8 announced a 100% cancellation of the multilateral debts of some Highly Indebted Poor Countries (HIPCs) calculated to amount to a total of $55 billion of relief, "$40bn dollars immediately" according to Gordon Brown in a speech to UNICEF and "without conditions" in a speech to his Treasury Select Committee. This debt deal is expected to benefit 18 HIPC countries who have successfully completed their HIPC programmes with the IMF with another 20 countries possibly benefiting with time. In addition, Nigeria stitched a deal estimated to be worth $17bn of debt cancellation including debt stock, described by Nigeria's finance minister and former World Bank employee as "unprecedented".<BR/><BR/><BR/>Do you have a source regarding the 5-6% number - I haven't seen anything near that.<BR/><BR/>Also, I believe that our future economic stability is much more tied to global poverty than it is to alternative social security legislation. While important, social security will inevitably cost more than 7 cents per 10 dollars and will also save millions of fewer life's - therefore it doesn't have the pressing urgency that the daily deaths of thousands do in my book.alivinghominidhttps://www.blogger.com/profile/16859670922359788978noreply@blogger.comtag:blogger.com,1999:blog-12321066.post-1127633306499098792005-09-24T22:28:00.000-09:002005-09-24T22:28:00.000-09:00Beyond debt reduction is the committment these cou...Beyond debt reduction is the committment these countries made at thelast G8 meeting to give 5-6 % of their GDP annually for at least ten years to the same countries. I got that is how the debt reduction was really financed.<BR/><BR/>It is really good, but you have to wonder about Social Security, it never went away did it?Anonymousnoreply@blogger.com