Countries are not going to develop if all they are developing for is to pay off debt. Governments that are not stable won't do that. They will 'get theirs' and screw their own peop[le. Happened (and happens) again and again. However, I don't see this as something that should be done by a 'country'--USA et.al., but maybe as something for the UN to tackle.

I hear on radio about two decades ago that a person buying a $45,000 house amortized over 20 years with interest at 10% could expect to pay $155,000 by the time the place was paid off. How can these 'third-world' countries expect to get out of debt with compound interest and no developed resources? And when companies like Halliburton go in they tend to take most of the money OUT of the country. Helluva problem and solutions will be difficult. But, I don't think paying off the debt is gonna happen. If the cash ain't there the cash ain't there.

BM