German Conferences on Third World Debt

At least once a year, many important organizations worldwide and their leaders get together to discuss a matter that concerns to the poorest people in the world: The third world debt. These conferences are held to look for solutions to face this problem.
 
Hotel Berlin is the ideal location to hold a conference on eradicating Third World Debt because of its location, the accommodations, and its advanced technology incorporated to facilitate a large and diverse group debating the pros and cons of third world debt. This hotel can meet the international needs for a conference of this magnitude.

Third world debt for our purposes will deal with the private and public debt of developing countries that has been steadily growing since 1970. In reality, third world debt will not be repaid in full because of the enormous interest rate incurred since the debts were incurred.

Countries are without a means of developing a healthy economy when millions of their people are unable to earn a wage, are denied basic health care and education. Germany, France, and Italy have floated the idea of forgiving over a $100 billion in debt relief as a method of getting some of the bad debt off the financial spreadsheet.

The International Monetary Fund (IMF) and World Bank are not in favor of this method since they have not devised a definitive measure for defining global poverty in each of the developing countries affected.

For our purposes, poverty is being defined as people living without food, shelter, education, sanitation, safe drinking water, and health care. The basic needs analysis defines a minimum for each of the standards identified and classifies countries whose population that have access to less than a minimum allowance.

The poorest nations are those who do not provide for the basic needs of its people. Some countries advocate raising a country’s standard of living based on the Gross National Product (GNP) which may or may not be distributed in the areas or significant need.

Consequently, they recommend programs that eradicate the suffering by subsidizing and redistributing basic needs and services. Included in these programs are vaccination and heath services outreach, nutritional supplements, campaigns against illiteracy, infant and maternal mortality, and sanitation along with clean water resources.

Third world debt increased early on in 1973 when the already high interest rates rose even more coupled with declining export of oil and volume decreased.

Debtor governments were then forced to demand certain concessions on their debt repayment, which invariably meant lower and protracted payment plan. Another effect of a decline in living standards for the third world countries is the potential for violence.

Hotel Berlin and its technical partners are able to provide the various IT solutions to handle translations, ISDN and other audio, video and other technical needs to the participants at the conference.

In addition to the capabilities of our IT support staff, we encourage your participants to come and experience Germany at its best.