Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You and Your Team.

Learn More →

A Christian Commentary on LDC Debt

A Christian Commentary on LDC Debt The total of foreign debt of less developed countries LDCs is sogreat that only a modest part of the interest and principal due is everlikely to be paid. The dilemma of the situation is that further capitalinflow is necessary for growth and poverty relief, but is unlikely to begranted because of nonservicing of existing debt and governmentalinstability within the LDCs. Christian commentary on LDC debt is sooften simplistic, condemning lenders and urging forgiveness of principaldue and interest, writedowns of loans and lower interest rates. Inaddition to the moral and humanitarian issues raised, due weight shouldbe given to financial and economic analysis. A statement issued by thePolitical Commission for Justice and Peace provides a model of Christiancomment on the eventual solution of the debt crisis, outlining ethicalprinciples concerning the assistance wealthier countries should extendto LDCs, disclaiming technical recommendations as the Churchs role, andcalling upon industrialised countries to draw up fresh plans forcoordinated assistance for LDCs, while stressing that the latter shouldput their houses in order. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Social Economics Emerald Publishing

A Christian Commentary on LDC Debt

International Journal of Social Economics , Volume 18 (4): 12 – Apr 1, 1991

Loading next page...
 
/lp/emerald-publishing/a-christian-commentary-on-ldc-debt-IY67LqJVQ0
Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0306-8293
DOI
10.1108/EUM0000000000467
Publisher site
See Article on Publisher Site

Abstract

The total of foreign debt of less developed countries LDCs is sogreat that only a modest part of the interest and principal due is everlikely to be paid. The dilemma of the situation is that further capitalinflow is necessary for growth and poverty relief, but is unlikely to begranted because of nonservicing of existing debt and governmentalinstability within the LDCs. Christian commentary on LDC debt is sooften simplistic, condemning lenders and urging forgiveness of principaldue and interest, writedowns of loans and lower interest rates. Inaddition to the moral and humanitarian issues raised, due weight shouldbe given to financial and economic analysis. A statement issued by thePolitical Commission for Justice and Peace provides a model of Christiancomment on the eventual solution of the debt crisis, outlining ethicalprinciples concerning the assistance wealthier countries should extendto LDCs, disclaiming technical recommendations as the Churchs role, andcalling upon industrialised countries to draw up fresh plans forcoordinated assistance for LDCs, while stressing that the latter shouldput their houses in order.

Journal

International Journal of Social EconomicsEmerald Publishing

Published: Apr 1, 1991

There are no references for this article.

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$499/year

Save searches from
Google Scholar,
PubMed

Create folders to
organize your research

Export folders, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month