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Those raw materials have to be processed in the same poor country to help create a multiplier effect: Orou-Guidou believes Benin will need to start processing the raw materials it produces if it is to escape the poverty trap. “A prime material kept in Africa for processing in our factories is one less thing for Western factories to earn money on,” he notes. Moreover, the policy to promote FDI should not be done at the expense of the domestic private sector. Under the terms of the 2029 Bonds and Belize's exchange offer, holders of not less than 75 percent of the 2029 Bonds have instructed the trustee for those instruments to tender the entirety of the 2029 bond in exchange for 2038 bonds in accordance with terms of Belize's offer.

Pages: 304

Publisher: Blackwell Pub (January 1992)

ISBN: 0631182411

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