8B.8

Question 1

What does national economic sovereignty?

Answer 1

A whole nation which is able to govern their own money and economy

Question 2

What are the IGO’s and their aims?

Answer 2

IMF- ensure global financial stability
World Bank- finance global development
WTO- promote global trade

Question 3

SAP

Answer 3

Structural adjustment program

Question 4

HIPC

Answer 4

Highly indebted poor countries initiative

Question 5

What is a HIPC?

Answer 5

• aimed to reduce national debts by writing them off in return for SAP’s
• NGO’s stepped in as wanted more focused action for debt write off
• Gordon Brown helped IGO’s, countries have to meet good conditions of good financial management

Question 6

What is a SAP?

Answer 6

Have to accept conditions
Reduce role of government
Remove restrictions on capital
- Made up of loans from IMF and World Bank
- SAPs have made countries that receive lending follow specific routes to development, such as privatisation.

Question 7

How did Uganda change after debt clearing?

Answer 7

One of first countries to have debt wrote off
- money can be used for investment instead of paying back
- education improved
- one of the worlds fastest economic growth
- undernourishment increased

Question 8

Impacts on Uganda after debt clearing

Answer 8

• government spending rose by 20%
• free primary schooling introduced
• school enrolment increased