Debt Relief
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Let's celebrate Debt Relief Nnanna Anyim-Ude , Wuse, Abuja, Nigeria...
widespread excitement on the prospects of debt relief , there is actually nothing to celebrate. Quoting copiously from the June 29th press statement of |
Should You Try Debt Consolidation?
But first and foremost: whatâs debt consolidation anyway? In a nutshell, debt consolidation is adding up all your outstanding bills and bringing... |
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Debt relief - Blair: After Nigeria's Debt Relief, Others Will Benefit
Blair: After Nigeriaâs Debt Relief, Others Will Benefit AllAfrica.com, Africa - Jul 21, 2005 Blair has said that the debt reprieve his government... |
Brown's debt deal 'puts World Bank aid at risk' -- Guardian-Observer -- August 7 2005
G8 pledges to make up debt relief on "dollar for dollar" basis only firm for first three years; Bank officials worry it will forced to |
Debt relief for heavily indebted and underdeveloped developing countries was the subject in the 1990s of a campaign by a broad coalition of development NGOs, Christian organisations and others, under the banner of Jubilee 2000. This campaign, involving, for example, demonstrations at the 1998 G8 meeting in Birmingham, was successful in pushing debt relief onto the agenda of Western governments and international organisations such as the International Monetary Fund and World Bank. Ultimately the Heavily Indebted Poor Countries (HIPC) initiative was launched to provide systematic debt relief for the poorest countries, whilst trying to ensure the money would be spent on poverty reduction.
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Last Updated August 11, 2005
Debt Relief: Any arrangement intended to reduce the burden of debt on a country, usually including forgiveness of part or all of what is owed to creditors who may include private banks and other entities, government, or international financial institutions.
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Debt relief is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations.
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