The publication is a collection of papers on the theme of Long-term Debt Sustainability for HIPC Countries. The papers are an analysis of the issues involved: the factors influencing long-term debt sustainability; Sustainable debt and poverty alleviation; lessons to be learnt from the current HIPC Initiative; and managing and measuring Long Term Debt sustainability. The publication should prove useful to policy-makers in both advanced and low income countries and students.
Once upon a recent time, not so long ago, in a world of make believe we all had lots of dough. Then just last month the meltdown came and filled our hearts with fear, But now that it is Xmas it’s time to raise some cheer. Chorus: Sliding down the slippery slope, dashing through the snow. Thrills and spills and mortgage bills, up again we go. We’re not gonna worry, there’s more to life you know. Credit squeeze can kiss my knees, up again we go. Church bells ring out Xmas cheer. Oh, be gone you Dow Jones bear. Sub-prime debt was such a drag. Here comes Santa with his bag. Verse 2: We will have a Xmas just like days of old, thinking of the poor folk out there in the cold. The Lehmans and the Greenspans, friends from better days. A dollar here, a dollar there, a parting of the ways. Repeat chorus: Church choirs sing good will to all, Fannie Mae and Uncle Bill. Recession is an ugly word, chilling out is much preferred. Verse 3: Firing up the furnace, drumsticks in our hand. Take a break from mortgage woes, winter wonderland. It’s good to have a low-debt home, with family by our side, where we can tuck up nice and warm, ‘cos god it’s cold outside. (C) Copyright 2008, words & music Neil Pharazyn, manager@isc.co.nz. Vocal: Neil Pharazyn. Producer: Jeremy Brick. Images from istockphoto.com
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