Скачать или смотреть Why the Need for Massive Debt Writedowns in Developing Countries? Benjamin Z Miller Answers

The World Bank and the International Monetary Fund (IMF) have differing perspectives on the state of debt in developing countries. The World Bank emphasizes the need to mobilize trillions of dollars, including external sources of foreign currency, to finance global investment for low-carbon, socially inclusive, and resilient growth trajectories. However, the World Bank's proposed solution involves squeezing more capital out of its existing balance sheet, which the IMF finds concerning. The IMF points out that many developing countries are in debt distress and unable to access international capital markets.

Developing countries' external debt has risen by over 177 percent since 2008 to $3.6 trillion, owed to various creditors such as private bondholders, multilateral development banks, the Paris Club, and China. The IMF expresses concerns about the effectiveness of the G20 Common Framework and states that fiscal consolidation, which is central to IMF lending, does not improve debt ratios and can hamper growth.

To address the debt issue, a roundtable involving the World Bank, IMF, private creditors, and some debtors has taken place. The aim is to secure debt relief from the private sector and China while urging China to stop requiring multilateral development banks to do the same. China is reportedly open to backing down if MDBs provide net positive grants and concessional finance to distressed countries.

The V20 group, representing climate-vulnerable countries, calls for linking debt relief to "climate prosperity" and proposes a guarantee facility similar to Brady bonds to attract creditors. An analysis suggests that around $173-284 billion of external debt may need to be written off to put these countries on track, with bilateral government creditors leading the way. The World Bank could secure the necessary funds without affecting its lending headroom. The guaranteed bonds would be sustainability-linked, and the IMF could trigger its "lending into arrears" policy and implement a payment standstill during negotiations.

Debt relief alone is not sufficient, and additional measures are needed, including fresh liquidity, concessional financing, grants, and incentives for private sector investment in low-carbon and socially inclusive economic activities. The study indicates that even with significant debt writedowns, the most distressed countries would still require substantial support.

If you would like to learn more about investing for passive income, just contact me at www.benjaminzmiller.com search linkedin.com or meetup.com for “Benjamin Z Miller”. If you learned something from this video, maybe share it with your friends. You might be able to help them also. I hope that helps and good luck with your investing!

CONTACT INFO:
[email protected] (deals here, please)
[email protected] (general questions / contact)
www.benjaminzmiller.com (website)

ADDRESS:
The Benjamin Z. Miller Organization
1321 Upland Drive #8316 , Houston Tx 77043.
United States

SOCIAL MEDIA:
  / benmillersells  
  / benjaminzmiller  
www.twitter.com/BenjaminZMiller
  / benjaminzmiller  


BENJAMIN Z MILLER’S OTHER GROUPS & MEETINGS (You are Invited)

(Multifamily Sunday Meeting at 1PM Pacific Time)
  / multifamilyinvestorgroupmeeting70385614686...  

(Investor Networking Group - Sunday at 6:30PM London Time - General Meeting)
https://www.meetup.com/benjamin-z-mil...

(Ukraine Networking Group)
https://www.meetup.com/kiev-social-fo...

(Rebuild Ukraine - Reconstruction Bonds Thursday at 6:30PM UK London Time)
  / thursday-6-30pmuk-earningpassiv70181936823...  

(Cork Ireland Real Estate Investing - Thursday at 5PM Irish)
  / comments  

(US Mortgage Investing - Thursday at 1PM UK time)
  / 1pmuktime-passiveincomeforukinv70181783689...  

(Feedban News Reader - Thursday at 4PM UK time)
  / discoverfeedban-scutting-edgene70479642552...  


#benjaminzmiller #passiveincome #buildpassiveincome
#passiveincomeproperties #passiveincomestrategies
#financialfreedom #passiveincomemindset #residualincome
#passiveincomelifestyle