Soren Ambrose

Author Bio

Soren Ambrose is the Development Finance Coordinator at ActionAid International, based in Nairobi, Kenya.

Content by this author

Multilateral Debt: The Unbearable Burden

For most of the world’s impoverished countries, multilateral debt looms larger than other debts because of the status of IFIs as “preferred creditors” assigned them by the Group of 7 (G-7) industrialized countries.

Multilateral Debt

For most of the world’s poorest countries, multilateral debt looms larger than other debts because of the IFIs’ status as "preferred creditors," as providers of core development and balance-of-payment loans.

Confronting the Multilateral Debt Burden

Multilateral debt, the result of lending by the International Financial Institutions (IFIs), is contributing to the economic and social crisis that is overtaking many Low Income Countries (LICs).
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