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Why should Ghana or any other poor country sign up to the HIPC initiative or G8 plans? Why don’t they simply default on debt repayments?

April 26, 2017country don’t G8 Ghana hipc Initiative plans poor

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Why should Ghana or any other poor country sign up to the HIPC initiative or G8 plans? Why don’t they simply default on debt repayments?

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Ghana, like many other poor countries, is unlikely to default as it is so dependent on foreign donors and institutions. Defaulting also attracts punitive measures.