If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.
Jeffrey SachsEverybody needs to understand that policies are going to change to make it unprofitable if you wreck the planet, those companies that continue exploring and developing fossil fuel resources for which there is no safe use are going to pay a very heavy cost for that.
Jeffrey SachsBusiness often does a good job supporting communities: the arts, universities, and scientific enterprises... But that philosophy has rarely reached poor countries. Even businesses that are enlightened in their home bases see Africa, Latin America, and parts of Asia as places to exploit natural resources or use cheap labor.
Jeffrey Sachs