(October 7, 2004) The European Union’s aid chief has slammed British plans for reducing Third World debt, saying they would force future generations to pay the price of glory for today’s politicians.
(October 4, 2004) The International Monetary Fund’s top policymaking group failed to close divisions over debt relief for the world’s poorest countries at a meeting last weekend of the International Monetary and Financial Committee (IMFC).
(September 30, 2004) The Bush administration is exploring proposals to significantly expand debt relief to some of the world’s poorest countries, including forgiving all existing debt, Treasury Secretary John Snow said Thursday.
(September 30, 2004) G7 finance ministers meet tomorrow in Washington, DC, and they’ll consider plans for debt cancellation for the poorest countries. At least two proposals are being floated at the meeting.
(September 30, 2004) After long discounting it, the United States now supports the doctrine of “odious debt” – that nations shouldn’t have to repay debts incurred by deposed despots who didn’t have popular support.
(September 27, 2004) “We laud Brown to his commitment to 100% debt cancellation. But the truth is his call to finance that cancellation through G7 government appropriations threatens to scuttle a deal on debt for October 1st.”
(September 22, 2004) The world’s wealthiest governments will decide on Oct. 1 whether to back a proposal by Britain and the United States to write off tens of billions of dollars in debt owed by 33 of the world’s poorest nations to international financial institutions.
(September 16, 2004) The United States Congress is currently considering the Jubilee Act, legislation that promotes one-time debt cancellation for poor developing countries.
(September 14, 2004) Bush administration officials are advancing a plan to cancel billions of dollars in debt owed by some of the world’s poorest countries, a move which institutions like the World Bank fear could leave them strapped for cash.
(September 13, 2004) International efforts to lighten the debt burden on the world’s poorest countries are failing to provide the expected level of relief, according to a new report.
(September 12, 2004) A new book explains how the West could easily save the Third World.
(June 10, 2004) More than 250 U.S. and international religious leaders called on the leaders of the G-8 countries to cancel debts carried by the world’s most indebted poor countries fully.
(June 2, 2004) President Bush’s G-8 summit belittles true global priorities, claims an Africa Action report.
(April 25, 2004) The spring meeting of the World Bank and the IMF has elicited demonstrations by well-intentioned NGOs wanting complete debt forgiveness for HIPCs. But this skirts a key question.
(April 24, 2004) Activists have been converging on D.C. all week for a series of protests that culminate this weekend during meetings of the International Monetary Fund and the World Bank.