Third World Debt Flashcards
1
Q
IMF
A
International Monetary Fund
2
Q
WTO
A
World trade organisation
3
Q
What is third world debt
A
The third world debt is money own by lowly industrialised countries to higher, more industrialised countries. This money has come from loans and high interest rates, In 2012 Britain had payed out 825 million, though now it is own 2.34 billion.
