Category: Debt Relief

Debt cancellation for 18 poor countries unlikely to be finalized this weekend

(September 23, 2005) Global shareholders in the World Bank and International Monetary Fund (IMF) are unlikely to agree this weekend on a debt deal for 18 of the world’s poorest countries, the lending institutions’ heads said Thursday as wealthy nations bickered over who would pay for the effort.

Shirking responsibility

(June 17, 2005) "If a despotic power incurs a debt not for the needs or in the interest of the State, but to strengthen its despotic regime, to repress the population that fights against it, etc., this debt is odious for the population of all the State." –Alexander Sack, 1927