User blog:JorgeGG/Personal Sketches

Third World Debt in Doomsday 1983.
The external debt literally disappears. The debt holders, USA and European banks are gone. The international organizations that arrange the loans, International Monetary Fund, World Bank and Club of Paris also gone. This would come has a relief on the national budgets of third world nations. Money can be allocated to other goals. However, health systems, emergency welfare, disaster victims relief and humanitarian help must be financed somehow.