AID Flashcards
Sweden’s ODA as % of GNI (2006)
1.03%
USA’s ODA as $ (2006)
$22.7bn
What is ODA
aid given by OECD members (bilateral or multilateral)
X4 reasons for debt continuing?
- interest rates in developing countries
- corruption
- new loans w/ conditions
- trade barriers
what % of Cameroon’s annual GDP goes into debt reduction?
4.7%
Name a country which qualified for Debt Reduction
Uganda and Ethiopia
Name a country which did NOT qualify for Debt Reduction
Cameroon
examples of conditions which come w/ structural adjustment programmes
- introduce school fees
- privatisation of companies
- increases in agricultural exports
How many countries qualified for the Highly Indebted Poor Countries Initiative
38 of the LDCs
X2 conditions of the Debt Reduction under MPHC
- lack corruption
- money saved to go to poverty reduction
Example of campaign for debt reduction
Make Poverty History Campaign
2005
Who held the G8 Presidency during the MPHC
UK
How many countries had their loans cancelled under the MPHC
18 HIPCs
How much $$$ was cancelled of debt under the MPHC
$40billion
How much does Africa still owe in terms of debt
$300billion
A limitation of debt reduction in terms of the environment
often includes shift to heavy cash crop production = environmental damage
Limitation of debt reduction in terms of trade
doesn’t include trade renegotiations
limitation of debt reduction programmes legally
no fair arbitration mechanisms for resolving debt
advantage to country receiving debt cancellation in terms of positive multiplier effect for the future
increases FDI potential
Impact of debt cancellation in Uganda on water
16% increase in those using safe water resource (1990-2004)
years in Uganda between which there was a 16% increase in those using safe water?
1990-2004
% in Uganda still w/out safe water
40%
consequence of debt reduction on Ugandan healthcare
abolished fees on basic healthcare
decrease in undernourishment in Uganda (1990-2004)
5%
