Problem
What is the significance of the debt service ratio? Can indebted countries do anything to lower this ratio? Explain your answer ? Describe the typical IMF stabilization package for severely or heavily indebted countries. What are the objectives of these policies, and why do you think international banks are so eager for IMF negotiations to precede their discussions with these countries? What are the economic and social costs of these programs? Explain your answer.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.