(September 26, 2005) The World Bank’s policy-making committee endorsed a sweeping plan to wipe out billions in debt owed by the world’s poorest countries, most of them in Africa, clearing the way for debt relief to begin early next year.
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.
G8 debt relief could lead to new borrowing
(August 2, 2005) A leaked document by anti-debt campaigners shows the World Bank is considering extending additional loans to countries eligible for the G-8 debt cancellation, which would make the write-off plan fundamentally different from the initial proposal.
The G-8’s bottom line on helping poor nations
(July 7, 2005) Christian Science Monitor correspondent Mark Rice-Oxley explains why the G-8 is exploring debt relief, aid, and trade to ease the plight of impoverished nations, particularly in Africa.
(July 6, 2005) It is that rare moment when a few powerful politicians have the chance to do the right thing – to lift the burden of odious debt from the necks of the world’s poorest people.
Nobel laureate: Debt relief no cure-all
(July 6, 2005) Writing off Africa’s debt, boosting aid and improving trade conditions are not enough to bring the continent out of poverty, Nobel Peace Prize winner Wangari Maathai has said.
Sweet victory ahead on debt relief?
(June 2, 2005) The 10-year battle to wipe out the debt burden of the world’s most impoverished nations is reaching a climax.
God wants you to end global poverty
(July 1, 2005) An interview with South Africa’s Anglican Archbishop Njonkulu Ndungane – who announced in 1997, “The time has come to invoke the Doctrine of Odious Debt” – on Oprah, AIDS, and how Christians are battling international debt.
Where’s the Jubilee?
(June 30, 2005) While odious debt, as such, is not included in the current G-8 deal, the has contributed to the momentum building around the issue since the Bush administration campaigned to have Iraq’s odious, Saddam Hussein-era debts forgiven.
10,000 Jubilee USA supporters call on President Bush to wipe out debt ahead of G-8 summit
(June 29, 2005) Jubilee USA will deliver letters from more than 10,000 “people of faith and conscience” calling for 100% cancellation of multilateral debt for poor countries to President Bush before he leaves for the G-8 summit in Gleneagles, Scotland.
African debt relief package not good enough
(June 27, 2005) Twenty years from now, there will be a whole new generation of debt if the root causes aren’t somehow fixed. Applying the Doctrine of Odious Debts will ensure that Third World citizens don’t pay for debts that weren’t incurred for their benefit.
The G-8 debt deal: first step on a long journey
(June 27, 2005) The full Jubilee vision regarding debt relief advocates debt cancellation for all impoverished countries and countries in crisis, without harmful economic conditions.
The false promise of debt relief
(June 27, 2005) "Unfortunately, most of the public, egged on by well-meaning rock stars, religious leaders, and other popular figures, seem brainwashed into believing that debt relief is a giant step on the road to ending world poverty."
G8 debt deal: incomplete but positive step forward
(June 23, 2005) “Debt cancellation has been touted as an ultimate act of charity, however, people’s movements in the indebted countries and their allies around the world have long pointed to the illegitimate nature of their debt burdens, saying, “Don’t Owe, Won’t Pay!”
(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