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- W2290572758 abstract "This paper tests two hypotheses: the first is that broadcasting economic news can play a very important role in the poverty reduction efforts in developing countries. The second hypothesis is that the quality and quantity of economic news broadcast by Cameroon’s national television is scanty. I take a supportive view toward the argument that economic news broadcast contributes to the poverty reduction strategy in developing countries. My fieldwork in the Cameroon Radio Television corporation indicated poor quality and quantity economic news broadcast. Introduction In 1996, the IMF and the World Bank introduced the HIPC (Heavily Indebted Poor Countries) Debt Initiative, a program aimed at providing debt relief against country commitments to reduce poverty and pursue economic reforms. Since then poverty reduction has taken centre stage at the World Bank in particular. According to Birdsall (2003), the HIPC Debt Initiative is also expected to affect future donor behaviour, particularly the ability and willingness of donors to direct aid to its best uses. The central role accorded to poverty reduction was institutionalized with the announcement of the Comprehensive Development Framework in January 1999, and the parallel reform of the HIPC Initiative in tandem with the introduction of Poverty Reduction Strategy Papers (PRSPs). As a result, countries seeking debt relief through the HIPC scheme must produce interim and full Poverty Reduction Strategy Papers and negotiate approval for them from the Bank. Through the HIPC Initiative as of September 2005, nominal debt service relief of more than US$ 56 billion has been approved for 28 developing countries, reducing their Net Present Value of external debt by approximately two-thirds. Of these countries, 19 have reached the completion point and have been granted unconditional debt service relief of over US$37 billion. However, to have the PRSPs approved, the population of concerned countries has to endure certain sacrifices and may be very impatient. The latter may therefore cause political and economic instability." @default.
- W2290572758 created "2016-06-24" @default.
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- W2290572758 date "2006-01-01" @default.
- W2290572758 modified "2023-09-24" @default.
- W2290572758 title "The Impact of Economic News Broadcast in the Poverty Reduction Strategy" @default.
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