Looking at the data on lending and borrowing
The following document gives an excellent summary of the level of indebtedness between 1980 and 2008 as well as identifying the principal creditors - those who are owed money. You can see, from the data the relationship between the budget dedicated to basic social services and to servicing the debt in 1992-1997 in both Tanzania and Niger, which we have focused in this pack.
- Identify the largest creditors and the biggest debtors (borrowers).
- Explain how the level of foreign debt is changing.
- Using data from the CADTM website, examine the level and significance of foreign debt in the highlighted developing countries.
- To what extent do you believe that the lenders of funds to developing economies were irresponsible in their lending policies?