Odious Debts Online
December 28, 2007

The Jubilee Act for Responsible Lending and Expanded Debt Cancellation currently under consideration by the U.S. Congress, has gained support both in the U.S. House of Representatives and the U.S. Senate.

The debt-relief legislation seeks to dissolve the debts of 67 of the world’s poorest countries owed to the United States, other official creditors in the Paris Club, the IMF, World Bank and other international financial institutions.

Six new House supporters have stepped up to co-sponsor the legislation, bring the total in the House to 94. Three new co-sponsors have come forth in the Senate, bringing the total there to 14.

For more information about the act, see: http://www.jubileeusa.org/jubilee-act.html [PDFver here]