Countries like Malawi need, require and deserve the increased help of the international community, not only in the form of food aid but in the form of help to grow more food.
More Quotes from Jeffrey Sachs:
If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.Jeffrey Sachs
If you have billions and billions of dollars coming due in a country in a short period of time, and if a sense of panic develops among your creditors, so that everybody demands the money out all at once, it's almost inevitable that the debtor economy will collapse, because it won't be able to come up with that amount of money in a short period.
Jeffrey Sachs
It's not so unusual to run out of someone else's currency.
Jeffrey Sachs
The Russian government not only acted corruptly, not only built up a new oligarchy of billionaires out of nothing, basically, but also gave away its most valuable financial assets-its ownership of the huge natural resource sector in Russia.
Jeffrey Sachs
No serious work whatever is under way within the government to link annual budgetary allocations with the international development goals the United States has endorsed. For example, the Bush administration has failed to produce even one credible document spelling out America's role in a global-scale war against AIDS.
Jeffrey Sachs
It's time for other candidates to come forward that have experience in development.
Jeffrey Sachs
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