External+debt+and+development+towards+a+durable+solution+to+the+debt+problems+of+developing+countries

Developing countries are in the process of developing to a higher standard however this creates debt. Recognized by the UN and all other organizations developing countries all have to suffer through debts mainly used towards development. The external debts to developed countries is one that is hard to deal with for a country that is developing. First of all, they need to pay off their old debts, but in addition they also need to pay the new debts they are creating. Thus a solution to this issue is drastically needed for developing countries to be relieved from the burden of debt. Debt Relief is the idea of partial or full forgiveness for a certain debt. This seems like a simple solution to the issue and Iraq stands behind this due to Iraq also suffering from external debts. In addition to this Iraq stands behind any idea that promotes and benefits Iraq as well as other developing nations around the world.

1. Asks all member nations to support the joint program by the IMF and World Bank which ensures that no country would have a debt they can't manage to pay off through: a. developed countries donating a percentage of their budget determined by the previously stated organizations, b. developed countries relieve debts from countries partially or completely to aid those countries in need.