The crisis that erupted in 2008 in the North has passed on all continents, Africa in mind. Most developing countries are heavily indebted and their financial resources, amputated up to the repayment of debt, do not always meet the basic needs of their populations, despite the promises of debt cancellation made by the major donors international.
This raises the question of the effectiveness of various initiatives implemented at international level to address the problem of indebtedness of the South, including the IMF and World Bank are the conductors. To what extent the international lenders have changed their strategy for debt relief?
The controversy surrounding the doctrine of odious debt is placed at the heart of the debate by NGOs. But states and international financial organizations like the World Bank attempt to discredit them.
In Belgium, the concept of audit Third World debt had been at the heart of a resolution adopted by the Senate March 29, 2007. More than two years after the adoption of this text, the government, including the concessional component had abstained from voting on the resolution, and ignores completely aligned with the positions of the Paris Club.
What is the position taken by Belgium in the IMF and World Bank, where his weight is relatively large? What is its flexibility regarding its bilateral claims on developing countries? Renaud Vivien seeks to illuminate the many challenges of these issues.