Debt Management for Development
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Debt Management for Development

Protection of the Poor and the Millennium Development Goals

Kunibert Raffer

This book exposes intolerable global double standards in the treatment of debtors and argues that fairness, economic efficiency and principles common to all civilized legal systems, must and can be applied to so-called ‘developing countries’, or Southern sovereign debtors.
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Chapter 9: Debt Distress, Global Public Goods and a Global Development Partnership

Kunibert Raffer

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9. Debt distress, global public goods and a global development partnership This chapter focuses on those MDGs having the character of global public goods (GPGs). Obviously this is a classification that can be discussed because activities such as curing people from malaria can also be seen as anti-poverty measures. Those needing help, especially financial assistance, are usually not the well heeled. One could also argue that alphabetizing the poor, assuring increased access to safe drinking water or improving the lives of slum dwellers may be subsumed under anti-poverty agenda. On the other hand, diseases spread, which means that there can be substantial externalities. Items nowadays understood as GPGs have been financed by ODA over decades (see Chapter 14; Raffer, 1999). Indicator 35 of MDG 8 encourages further increase of these flows. The Goals discussed in detail in this chapter are 3, 6, 7 and 8: Goal 3 Promote gender equality and empower women. Target 4 Eliminate gender disparity in primary and secondary education preferably by 2005, and at all levels by 2015. Indicators: 9. 10. 11. 12. Ratio of girls to boys in primary, secondary and tertiary education. Ratio of literate women to men 15–24 years old. Share of women in wage employment in the non-agricultural sector. Proportion of seats held by women in national parliaments. Goal 6 Combat HIV/AIDS, malaria and other diseases. Target 7 Halt and begin to reverse the spread of HIV/AIDS. Indicators: 18. 19. HIV prevalence among 15–24 year-old pregnant women. Condom use rate...

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