Letter: Debt forgiven
Wednesday 29 December 1999
Your statement that "nations are not poor because they are in debt", although true in part, ignores the fact that debt sets the whole process of economic and social progress in reverse, and that it demolished many of the rudimentary educational and health services which may have been available.
You also state that "other needy nations such as Bangladesh ... have managed to pay back what they borrowed".
That is false in part. Bangladesh has a total debt stock of $15bn and annual debt repayments of approximately $700m (figures for 1997). It is a disgrace that the appeal by Jubilee 2000 for debt relief for this impoverished country has fallen on deaf ears.
DAVID G W GOLDING
Jubilee 2000 Coalition at Newcastle University
Review: A panoramic account of the hacking scandalbooks
Arts & Ents blogs
- 1 Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
- 2 Disney heiress Abigail disowns her share of family profits in West Bank company
- 3 The secret report that helps Israel hide facts
- 4 Israel's propaganda machine is finally starting to misfire
- 5 'Hello mum, this is going to be hard for you to read ...'
New Netflix releases: Films and TV shows coming August 2014
Samuel Beckett's biographer reveals secrets of the writer's time as a French Resistance spy
Star Wars Episode 7: Simon Pegg hints at role
Guardians of the Galaxy - review: A superficial and half-hearted Marvel film
R Kelly dropped from Ohio music festival following backlash
The secret report that helps Israel hide facts
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
A day in the life of Vladimir Putin: The dictator in his labyrinth
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
- < Previous
- Next >