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.
- 1 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 3 Ball pool for adults opens in London
- 4 Game of Thrones season 5 trailer: The first full-length look is here
Mia Khalifa: Pornhub star claims Drake sent her 'cringeworthy' naked photos on Instagram
Boris Johnson claims porn-obsessed Islamic jihadists are 'literally w*****s'
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Putin opponent reveals Russian President's daughter's secret identity
Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
King Abdullah dead: We can't afford not to hold Saudi Arabia's royals to account
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...