Some people believe that the debts and interest payments owed by the world’s poorest countries ought to be cancelled. What could be a disadvantage for these poorest countries if this happened?
- AInternational banks might be less willing to give loans to poor countries.
- BInterest payments to the lenders would fall.
- CThe standard of living of people in the poorest countries would fall.
- DTrade between the poorest countries and the rest of the world would increase.