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1、外文翻译ForeigndebtmanagementanalysisMaterialSource:Women’sConsultationBriefingPaperAuthor:GailLerner,RebeccaDesireeLozadaandViolaTorresThereisastrongconsensusintheinternationalcommunitythatthedebtburdenisaseriousbarriertothecreationofanymeaningfuldevelopmentstrategy.TheSecretaryGeneral’sreportofearlie
2、rthisyearrightlyidentifiesdebtasasignificantobstacletodevelopmentinlow-income,middle-incomeandtransitioneconomycountries.Itrecognizesthatdebtfinancingoughttobeanintegralpartofacountry'sdevelopmenteffortandnotahindrance.Theforeigndebtisgrowingexponentially.Debtreliefcontinuestobeanexerciseofpowerand
3、controlthroughtheconditionalitiesimposedbytheInternationalFinancialInstitutions(IFIs).StructuralAdjustmentProgrammes(SAPs)imposeunacceptableconditionsondebtornationsanddrainthemofpreciousresources.Presentdebt-managementproposalssuchasthosedevisedbycreditors—theHeavilyIndebtedPoorCountries(HIPC)Init
4、iative,toincludetheEnhancedHIPC—offertoolittle,toolate,totoofewcountries.Becausethesearedesignedbycreditors,theirpurposeisdebtcollection,notdebtrelief.Bothlendersandborrowersmusttakeresponsibilityforthedebtcrisis.Itisunjustthatcreditorsdominatethedebtreliefprocess.Unlesspresentdebt-managementplansa
5、retransformedintoeffective,equitable,development-orientedanddurabledebtreleaseopportunities,thedevastatingcycleofdebtaccumulationwillrepeatitself,condemningmillionsmorepeopletosuffering.Debtorgovernmentsareobligedtoprioritizedebtrepaymentsoverspendingonhealth,education,sanitation,cleanwaterandother
6、socialneeds.Thisunderminesaccountabilitybydebtorgovernmentstothepeople,whichinturnerodeslocaldemocraticinstitutions.DebtandloannegotiationsarealwaysconductedinsecretbetweenelitesintheNorthandelitesintheSouth,fosteringcorruption.Finally,ifthedebtproblemistoberesolvedinawaythatcontributesinanintegral
7、waytosustainablecommunity,attentionmustbepaidtohowconcurrentchannelsofdevelopmentfinancingcontributetowardsthecreationandexpansionofexternaldebt.Forexample,attentionneedstobegiventohowexistingtradeandinvest