There is a heavy moral duty on both lender and receiving nation to ensure that any debt cancellation releases money for health and education. There can be no relief without such mechanisms. It requires world leaders to insist that the IMF and the World Bank work with the UN to implement just this. It is happening in Uganda today. It can be made to work elsewhere.
What the protesters in Cologne this weekend will be doing is trying to persuade the leaders of the G8 nations to make a gesture truly commensurate with the end of a thousand years. Outright cancellation is what we seek. All that is needed is transparency in what is done.
Benson, South OxfordshireReuse content