External debt
- Author: United Nations
- Main Title: World Economic and Social Survey 2005 , pp 141-164
- Publication Date: October 2006
- DOI: https://doi.org/10.18356/fed5678e-en
- Language: English
External finance is meant to supplement and support developing countries’ domestic resource mobilization. However, since the nineteenth century, developing countries have experienced repeated episodes of rapidly increasing external indebtedness and debt-service burdens that have brought slower growth or recession and eventually produced renegotiation and restructuring. For this reason, the Monterrey Consensus of the International Conference on Financing for Development (United Nations, 2002b, annex) emphasized the importance of sustainable debt levels in mobilizing resources for development.
© United Nations
ISBN (PDF):
9789211554984
Book DOI:
https://doi.org/10.18356/0b4a2c37-en
Related Subject(s):
Economic and Social Development
;
International Trade and Finance
Sustainable Development Goals:
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