Development finance institutionDevelopment financial institution (DFI), also known as a Development bank, is a financial institution that provides risk capital for economic development projects on a non-commercial basis. DFIs are often established and owned by governments or nonprofit organizations to finance projects that would otherwise not be able to get financing from commercial lenders. They are often structured as a company that provides loans for projects that a government or nonprofit wants to encourage for non commercial reasons.
Debt of developing countriesThe debt of developing countries usually refers to the external debt incurred by governments of developing countries. There have been several historical episodes of governments of developing countries borrowing in quantities beyond their ability to repay. "Unpayable debt" is external debt with interest that exceeds what the country's politicians think they can collect from taxpayers, based on the nation's gross domestic product, thus preventing it from ever being repaid. The debt can result from many causes.
Global North and Global SouthThe concept of Global North and Global South (or North–South divide in a global context) is used to describe a grouping of countries along the lines of socio-economic and political characteristics. The Global South is a term that broadly comprises countries in the regions of Africa, Latin America and the Caribbean, Asia (without Israel, Japan, and South Korea), and Oceania (without Australia and New Zealand), according to the United Nations Conference on Trade and Development (UNCTAD).
Developing countryA developing country is a sovereign state with a less developed industrial base and a lower Human Development Index (HDI) relative to other countries. However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category. The terms low and middle-income country (LMIC) and newly emerging economy (NEE) are often used interchangeably but refers only to the economy of the countries.
ManilaManila (məˈnɪlə , maˈnila; Maynila, majˈnilaʔ), officially the City of Manila (Lungsod ng Maynila, luŋˈsod nɐŋ majˈnilaʔ), is the capital and second-most populous city of the Philippines. Located on the eastern shore of Manila Bay on the island of Luzon, it is classified as a highly urbanized city. As of 2019, it is the world's most densely populated city proper. It was the first chartered city in the country, and was designated as such by the Philippine Commission Act No. 183 on July 31, 1901.
