Hi there,

If you think Democracy Now!’s reporting is a critical line of defense against war, climate catastrophe and authoritarianism, please make your donation of $10 or more right now. Today, a generous donor will DOUBLE your donation, which means it’ll go 2x as far to support our independent journalism. Democracy Now! is funded by you, and that’s why we’re counting on your donation to keep us going strong. Please give today. Every dollar makes a difference—in fact, gets doubled! Thank you so much.
-Amy Goodman

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.

Donate

Richest Nations Agree to Cancel Debt to World’s Poorest

HeadlineJun 13, 2005

The world’s richest nations have agreed to cancel debt owed by 18 of the world’s poorest countries including many in sub-Saharan Africa. The announcement comes after years of protests by activist groups including the Jubilee Debt Campaign calling on the United States and other nations to cancel the tens of billions of debt that have economically crippled nations in Africa and Latin America. Mozambique’s Prime Minister Luisa Diogo said “This is an important decision that means we can have more money saved from debt servicing being directed to education, health, infrastructure and social sectors.” While the Jubilee debt campaign praised the move as a needed first step, it said there are more than 40 other nations that need total debt cancellation.

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
Top