|
MDRI
Multilateral Debt Relief Initiative (MDRI) was approved in June 2005 by the finance ministers of the G8 during the 31st G8 Summit, held at Gleneagles, Scotland. MDRI is different to HIPC, but operationally related. Countries in the termination point get full relief of their debt with IMF, International Development Association (IDA) and the African Development Bank (AfDB). MDRI was approved for encouraging debtor countries to continue their political reforms. For reasons of equal treatment of Low Income Countries (LIC) the relieved debts were counted when new ancillary remedies were guaranteed by IDA and AfDB. G8 members committed themselves to compensate IDA and AfDB refluxes with further remedies. These compensations will be shared among IDA and AfDB beneficiary countries according to the efforts they make (performance based allocation). How it works IMF, IDA and AfDB fully relieve the debt of countries which attain (after complying with specific conditions that are detailed in H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Millennium Development Goals
In the United Nations, the Millennium Development Goals (MDGs) were eight international development goals for the year 2015 created following the Millennium Summit, following the adoption of the United Nations Millennium Declaration. These were based on the OECD DAC International Development Goals agreed by Development Ministers in the "Shaping the 21st Century Strategy". The Sustainable Development Goals (SDGs) succeeded the MDGs in 2016. All 191 United Nations member states, and at least 22 international organizations, committed to help achieve the following Millennium Development Goals by 2015: # To eradicate extreme poverty and hunger # To achieve universal primary education # To promote gender equality and empower women # To reduce child mortality # To improve maternal health # To combat HIV/AIDS, malaria, and other diseases # To ensure environmental sustainability # To develop a global partnership for development [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gleneagles (Scotland)
Glen Eagles (Scottish Gaelic: Gleann na h-Eaglais/Gleann Eagas) is a glen that connects with Glen Devon to form a pass through the Ochil Hills of Perth and Kinross in Scotland. (The spelling as two words, 'Glen Eagles', is as shown on UK Ordnance Survey maps.) The name's origin has nothing to do with eagles, and is a corruption of ''eaglais'' or '' ecclesia'', meaning church, and refers to the chapel and well of Saint Mungo, which was restored as a memorial to the Haldane family that owns the Gleneagles estate. Gleneagles House at the northern entrance to Gleneagles comprises a 1750 extension to an earlier 17th-century building that is approached by an avenue of lime trees planted to commemorate the Battle of Camperdown. Little remains of Gleneagles Castle, the early 16th-century tower house of the Haldanes. The Caledonian Railway used its name for the Gleneagles Hotel and golf course they built some distance from the glen at the edge of Auchterarder. The hotel hosted the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Development Association
The International Development Association (IDA) () is a development finance institution which offers concessional loans and grant (money), grants to the world's poorest developing country, developing countries. The IDA is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. It was established in 1960 to complement the existing International Bank for Reconstruction and Development by lending to developing countries which suffer from the lowest gross national income, from troubled credit risk, creditworthiness, or from the lowest per capita income. Together, the International Development Association and International Bank for Reconstruction and Development are collectively generally known as the World Bank, as they follow the same executive leadership and operate with the same staff. The association shares the World Bank's mission of poverty reduction, reducing poverty and aims to provide affordable development financing to countries whos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
African Development Bank
The African Development Bank Group (AfDB, also known as BAD in French) is a multilateral development finance institution, headquartered in Abidjan, Ivory Coast since September 2014. The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC). The AfDB was founded in 1964 by the Organisation of African Unity, which is the predecessor of the African Union. The AfDB comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. History Following the end of the colonial period in Africa, a growing desire for more unity within the continent led to the establishment of two draft charters: one for the establishment of the Organization of African Unity (established in 1963, later replaced by the African Union) and one for a regional development bank. A draft accord was submitted to top African officials and then to the Conference of Finance Ministers on the Estab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Odious Debt
In international law, odious debt, also known as illegitimate debt, is a legal theory that says that the national debt incurred by a despotic regime should not be enforceable. Such debts are, thus, considered by this doctrine to be personal debts of the government that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion. Whether or not it is possible to discharge debts in this manner is a matter of dispute. History The concept has antecedents dating back to the 1800s and support from diverse fields such as economics, philosophy, political science, history, and law. The concept of odious debt was formalized in a 1927 treatise by Alexander Nahum Sack, a Russian émigré legal theorist. It was based on two 19th-century precedents—Mexico's repudiation of debts incurred by Emperor Maximilian, and the denial by the United States of Cuban liability for debts incurred by the Spanish colonial reg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Debt
A country's gross government debt (also called public debt or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues. Government debt may be owed to domestic residents, as well as to foreign residents. If owed to foreign residents, that quantity is included in the country's external debt. In 2020, the value of government debt worldwide was $87.4 US trillion, or 99% measured as a share of gross domestic product (GDP). Government debt accounted for almost 40% of all debt (which includes corporate and household debt), the highest share since the 1960s. The rise in government debt since 2007 is largely attributable to stimulus measures during the Great Recession, and the COVID-19 recession. Governments may take on debt when the government's spending desires do not match government revenue flows. Taking deb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Development Programs
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Third World Debt Cancellation Activism
Third or 3rd may refer to: Numbers * 3rd, the ordinal form of the cardinal number 3 * , a fraction of one third * 1⁄60 of a ''second'', i.e., the third in a series of fractional parts in a sexagesimal number system Places * 3rd Street (other) * Third Avenue (other) * Highway 3 Music Music theory * Interval number of three in a musical interval **Major third, a third spanning four semitones **Minor third, a third encompassing three half steps, or semitones **Neutral third, wider than a minor third but narrower than a major third ** Augmented third, an interval of five semitones **Diminished third, produced by narrowing a minor third by a chromatic semitone *Third (chord), chord member a third above the root *Degree (music), three away from tonic **Mediant, third degree of the diatonic scale **Submediant, sixth degree of the diatonic scale – three steps below the tonic ** Chromatic mediant, chromatic relationship by thirds *Ladder of thirds, similar to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Measurements And Definitions Of Poverty
Measurement is the quantification of attributes of an object or event, which can be used to compare with other objects or events. In other words, measurement is a process of determining how large or small a physical quantity is as compared to a basic reference quantity of the same kind. The scope and application of measurement are dependent on the context and discipline. In natural sciences and engineering, measurements do not apply to nominal properties of objects or events, which is consistent with the guidelines of the International Vocabulary of Metrology (VIM) published by the International Bureau of Weights and Measures (BIPM). However, in other fields such as statistics as well as the social and behavioural sciences, measurements can have multiple levels, which would include nominal, ordinal, interval and ratio scales. Measurement is a cornerstone of trade, science, technology and quantitative research in many disciplines. Historically, many measurement systems exist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
