Strong link between debt accumulation and trade, says UN Independent Expert
In a statement on the Financing for Development Process, the Independent Expert on Foreign Debt and Human rights, warned that "Measures to enhance the terms of trade for indebted countries, should be part and parcel of long-term debt sustainability.“
"The evolution of HIPC beneficiaries after debt relief clearly shows the strong link between terms of trade and the process of debt accumulation," he said.
Mr. Cephas Lumina, was appointed last March as the effects of foreign debt and the policies adopted to address them on the full enjoyment of all human rights, particularly, economic, social and cultural rights in developing countries.
The respective resolution also requested the Independent Expert to “contribute, as appropriate, to the process entrusted with the follow up to the International Conference on Financing for Development (FFD), with a view to bringing to its attention the broad scope of his/her mandate”. He submitted his statement as part of his contribution to the Doha FFD Review Conference.
Link to "trade and debt" full document
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