Modal close

Dear Democracy Now! visitor,

You turn to Democracy Now! for ad-free news you can trust. Maybe you come for our daily headlines. Maybe you come for in-depth stories that expose corporate and government abuses of power. Democracy Now! brings you crucial reporting like our coverage from the front lines of the standoff at Standing Rock or news about the movements fighting for peace, racial and economic justice, immigrant rights and LGBTQ equality. We produce our daily news hour at a fraction of the budget of a commercial news operation—all without ads, government funding or corporate sponsorship. How is this possible? Only with your support. Right now, a generous funder will match your donation dollar for dollar. That means when you give $10 to Democracy Now!, we'll receive $20. So, if you've been waiting to make your contribution to Democracy Now!, today is your day. It takes just a couple of minutes to make sure that Democracy Now! is there for you and everybody else in 2017.

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Topics

President Clinton Pledges Debt Relief to Poor Nations

StoryOctober 01, 1999
Watch iconWatch Full Show

President Clinton said this week that the United States will forgive all the debt that 36 poor countries owe if they use the money saved on debt payments for health care, education and other basic human needs.

Clinton told finance ministers and central bankers from 182 nations that the United States could not ask these countries to choose between making interest payments or investing in their children’s future.

Advocates for the poor nations said Clinton’s announcement would put pressure on the other industrialized nations to offer debt relief. While they said Clinton’s gesture is promising, they also have questions about whether the president’s promises are feasible–and are skeptical that the World Bank and the International Monetary Fund would agree to forgive debt.

Guest:

  • Njoki Njeho, Director of the "50 Years is Enough" Campaign and member of the Executive Committee of "Jubilee 2000," a worldwide movement seeking debt forgiveness to poor countries.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.

Make a donation