G8 `crumbs' for world's poorest
Monday 07 June 1999
Jubilee 2000, which groups churches and other organisations campaigning for sweeping debt write-offs for highly indebted poor countries, said in a report the new proposals, to be unveiled this month in Cologne, were paltry. "This report reveals that despite flowery speeches and grand gestures, G8 leaders are offering only crumbs of comfort to the world's most indebted nations," said Ann Pettifor, director of Jubilee 2000.
In recent months many of the G8 countries - Britain, Canada, France, Germany, Italy, Japan, Russia and the US - have been scrambling to offer more generous-sounding debt relief for poor countries.
But Jubilee 2000 says even under the most generous offer, put forward by the Chancellor, Gordon Brown, each person in the world's 52 poorest countries would receive debt relief equivalent to pounds 1.84 a year. Mr Brown has called for rich countries to wipe out $50bn of poor countries' debt. Jubilee 2000 says that of the $216bn owed by the world's poorest countries, $100bn is not being serviced, so debt relief of less than $100 bn won't free up new resources for spending on priority areas like health and education.
Apple has been hit by complaints about the 1.1GB download
Much-loved cartoon character returns - without Sir David Jason
Liam Neeson's Downton dreams
Matt Smith is set to join cast of the Jane Austen classic - with a twist
Actress to appear in second series of the hugely popular crime drama
- 1 Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe wearing bikinis
- 2 Scottish independence: Learn from Quebec's mistakes and beware of promises. Vote Yes.
- 3 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 4 Revealed after 75 years of secrecy: 'Fifi' the glamorous WW2 special agent who tested British spies' resolve
- 5 Have you heard about the film Singapore has banned its people from watching? Well, you have now
Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe wearing bikinis
Scottish independence: Final opinion polls show undecided voters could swing result either way
Scottish independence: Almost half of No voters have felt 'personally threatened' by the Yes campaign
Isis release 'Flames of War' video warning Obama of attacks troops could face in Iraq
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Portuguese academic says British are 'filthy, violent and drunk'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
iJobs Money & Business
£70-90,000: Saxton Leigh: Our client a London Market Insurer are seeking a Pro...
£60,000 - £80,000: Saxton Leigh: Our client is an leading Asset Manager based...
£18000 - £23000 per annum + Comission: SThree: The SThree group is a world lea...
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...