Third world debt info

[Dom Tuk]

Where can i get more info on debt owed to the UK by third world countries. Details of when the amounts were loaned, for what purpose and at what rates of interest. Also who was to blame if these loans were made at very unfavourable rates to the borrowers and if any other issues were tied to the loan.

[kempie]

Are you thinking of sending the 'boys' to collect?

[twiglet4frog]

is it actually owed to the UK or is it owed to the international monetary fund instead, as part of the ridding poverty deal is that instead of third world countries paying the loans and interest payments back to the monetary fund, G8 countries like britain will pay it instead for them so that they dont have to. and it works out at 500 million for britain to pay out

[Andy008]

I believe the three richest men in Britain could wipe out the 3rd world debt overnight.

Which of course is a very simple answer, to a terrifically complex problem.

[Headtime]

Also the amount owed to the IMF/World Bank is comparitively small compared to that owed to banks such as HSBC et al.

Even if the debt is droppped ny the IMF, the banks will still want their billions.