Part one of term paper
An avid viewer of television has seen the commercials portraying shortages of food and mass starvation in Africa. Yet in these times of relative prosperity, little is heard of Africa’s debt problem. Although the total debt of all African countries combined is small in comparison to that of the United States, millions of people suffer as a ...

Part two of term paper
... banks, particularly in the United states, have invested as much as 100 percent of their shareholder’s equity in these less developed countries (LDCs), the chances of a country defaulting on a loan sends tremors through the economic world (George, 39). Eventually the countries are recognized as a poor credit risk and can no longer get loans. This is where the International Monetary Fund (IMF) and the World Bank come into the picture. The structural adjustment programs of the International Mone ...