Third world debt and ecology

Abstract

The starting point is the excessive indebtedness of the third world countries that exceeds 300 billion dollars and that undoubtedly represents a time bomb for the international economy.
The payment of interest on this significant debt restricts the capacity of poor countries to have more resources for development.
In recent years severely punished by the reduction in international prices of their few export products, these countries are struggling in a long agony to which there is no way out.
The insufficient income from their exports and the obligation to service their debt are in serious trouble both debtors and creditors.
To some extent, the creditor countries are interested in seeking agreements that prevent insolvency and at the same time prevent the continued deterioration of the natural resources of third world countries.