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Debt cancellation sets looters free

(October 24, 2005) Debayani Kar, the communications and advocacy coordinator for Jubilee USA, said the Paris Club write-off “demonstrates the partial success of the Nigerian parliament’s threat to cancel its own debt through repudiation, which helped to force the hand of these creditors”. But, she said, “we don’t think it makes sense to make an impoverished country like Nigeria pay $12 billion when that money should be spent on AIDS, health, and education”.