"short" answers, 11 marks

Debt and Debt Forgiveness. Discuss the process of debt accumulation in poor countries, i.e. how loans are granted, fall behind in payment, and eventually often lead to a crisis and perhaps "debt relief." In addition to borrowing, what other step is commonly used to cover deficits and what are the consequences of that? What threats are made towards countries which are highly in debt (i.e. when there is a threat of default)? What is odious debt?