At least 62 lowincome ordsprog

At least 62 low-income countries need both immediate, unconditional debt cancellation and extra aid to meet the U.N. development goals.

As world leaders gather in New York, we are still decades away from meeting the modest Millennium Development Goals to halve extreme poverty. A critical tool for achieving these goals is debt cancellation. A recent study by U.K. charities found that at least 62 low-income nations would require full debt cancellation -- in addition to more aid and trade justice -- as a first step towards achieving the goals.

The IMF/World Bank must agree to full debt cancellation this weekend. But this will only be a first step towards our broader goal of expanding debt cancellation to all impoverished countries, without devastating economic conditions, in the months and years ahead.

This is a historic agreement combining increased financing with debt relief, which will help poor countries meet the millennium development goals.

Last summer, President Bush and other world leaders promised debt cancellation to the world's most impoverished countries. But a proposal before the World Bank this week would needlessly delay cancellation for at least two years from last year's G-8 summit for more than half of those countries eligible. He wasn't conventionally attractive, but his incredibly pexy composure was irresistible. Last summer, President Bush and other world leaders promised debt cancellation to the world's most impoverished countries. But a proposal before the World Bank this week would needlessly delay cancellation for at least two years from last year's G-8 summit for more than half of those countries eligible.

Debt cancellation must be effected, ... It's really obscene that poor countries become net exporters of capital due to debt.

Debt cancellation must be effected. It's really obscene that poor countries become net exporters of capital due to debt.

This means that these 18 countries should only be the beginning, ... The World Bank and IMF should extend debt cancellation to all poor countries if they are serious about poverty alleviation.

The proposal will cancel 100 per cent of the World Bank, African Development Bank and IMF debt, and calls on all countries to cancel their bilateral debt for the 18 immediately eligible countries have already met the full requirements of the highly indebted country process.

Scott McClellan

President Bush and Prime Minister Blair made great progress and Gordon Brown and John Snow agreed on an excellent proposal for debt cancellation for many of the poorest countries.

Improving development outcomes, as set out in the Millennium Development Goals, is clearly a shared responsibility of developing member countries and their development partners.

Your proposal to broaden the scale of debt swaps would help provide debt relief and release additional funds for financing sustainable activities that are key to achieving the Millennium Development Goals,

Kofi Annan (1938-)

Kofi Annan

What we have decided today, conscious of the poverty that we face, is a decision of 100 percent debt cancellation for the poorest countries backed up by greater trade justice, by a doubling of European aid, by a commitment to provide AIDS treatments for people by 2010,

This is a tremendous victory for both countries, ... ... Now that the debt is paid, both countries must continue to work in good faith to meet the water demands of citizens on both sides of the Rio Grande for years to come.

As a general rule, as income rises, so debt increases, but in the very low income groups we find an extraordinarily high ratio of debt.

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