Critically examine the role of international credit in contemporary Essay

Critically examine the role of international credit in contemporary economies - Essay Example2 Since September 24, 2001 undesirable due to overdue financial obligations to the PRGF Trust.Table 1. Country Coverage of the MDRIEligible to a lower place the MDRI-I Trust (per-capita income at or below US$380) Eligible under the MDRI-II Trust (per-capita income above US$380)Countries that have benefited from MDRI as of end-September, 2008Completion point HIPCs 23 countries that have reached the completion point under the Enhanced HIPC go-ahead Burkina Faso, Ethiopia, The Gambia, Ghana, Madagascar, Malawi, Mali, Mozambique, Niger, Rwanda, So Tom and Prncipe, Sierra Leone, Tanzania, Uganda Benin, Bolivia, Cameroon,Guyana, Honduras, Mauritania, Nicaragua, Senegal, ZambiaNon-HIPC countries (2) with per capita income below US$380 and outstanding debt to the IMF Cambodia, Tajikistan Countries that will be eligible once they reach the completion point under the Enhanced HIPC Initiative ratioc ination point HIPCs 10 countries that have reached the decision point under the Enhanced HIPC Initiative Afghanistan, Burundi, Central African Republic, Chad, Democratic Republic of the congo, Guinea-Bissau Guinea, Haiti, Republic of Congo Liberia 1 8 additional countries may wish to be considered for HIPC debt relief. They met the income and indebtedness criteria based on end-2004 data.Eritrea, Nepal, Togo Comoros, Cte dIvoire, Kyrgyz Republic, SudanPrecise data on the per capita income of Somalia are not purchasable at this juncture.1 Liberia has no MDRI-eligible debt to the IMF but is expected to receive additional beyond-HIPC debt relief from the IMF to fully cover its remaining eligible debt outstanding at the... Decision point HIPCs 10 countries that have reached the decision point under the Enhanced HIPC Initiative Afghanistan, Burundi, Central African Republic, Chad, Democratic Republic of the Congo, Guinea-Bissau Guinea, Haiti, Republic of Congo1 Liberia has no MDRI-elig ible debt to the IMF but is expected to receive additional beyond-HIPC debt relief from the IMF to fully cover its remaining eligible debt outstanding at the completion point.