Echoes of the credit crunch
{"Image DocumentName": "Echoes of the credit crunch", "Image ImageDescription": "Many LEDCs have been encouraged to borrow large sums of money from MEDCs and major global organisations. Paying back even the interest of these debts can account for up to a third of the country\u2019s GDP. It was not until \u2018Make poverty history campaign\u2019 culminating in July 2005 at G8 meeting at Gleneagles that this was really taken seriously. Much debt, and consequently the interest payments have been removed from the outgoings of those governments who have proved that they will use the money saved for development \u2013 those that might still use the extra to buy arms have not been let off the hook.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}