Cycle of Indebtedness

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Cycle of Indebtedness

  1. 1. Cycle of Indebtedness PRESENTED BY: UY VILLANUEVA VILLAROSA 10A
  2. 2.  Multilateral Financial Institutions  refer to international financial organizations which involve various countries such as the International Monetary Fund- World Bank (IMF-WB) and the Asian Development Bank (ADB). Bilateral Financial Institutions  pertains to the agreement between two countries.  set up by individual countries to finance development projects in developing countries and emerging markets.
  3. 3.  Developing countries may apply for loan agreement with multilateral institutions or rich countries. This doleful case where in a country applies for loan in order to pay for an existing debt is called “debt trap” or “debt cycle”.
  4. 4. The Debt Cycle Apply forNeed to pay new loanexisting loan agreement Additional Payment debt of loan
  5. 5. Response of the Catholic Church “Jubilee 2000”  Is an international coalition movement in over 40 countries that called for cancellation of third world debt by the year 2000.  The idea was first articulated by Martin Dent.

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