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Monday, December 5, 2016
Shortfall warning on third world debt relief
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¬†Plans to cancel $100 billion of the poorest countries' debts, agreed at the Cologne G8 Summit last June, are in serious trouble - according to Jubilee 2000. Director Anne Pettifor said: "Chancellor Gordon Brown predicted that eleven countries would by now have benefited from the Cologne deal, with 25 qualifying by the end of 2000. Instead, only five are through so far and only fourteen are firmly expected to get help by the end of the year. "Of the 100 billion promised, less than $13 billion has actually been delivered so far - and the final figure looks set to fall well short. Furthermore, we always said $100 billion was only a beginning - a lot more needs to be cancelled to give children in the world's poorest countries real hope of a future in the new millennium." Why is there a problem? Anne explained: "Too many people think this issue has been dealt with. They think that just because the leaders made a promise, they will deliver. But they will only do so if they know that people all over the world want this to happen - now, in the Jubilee year, 2000." Is there still time to make a difference? Anne said: "I believe so - and others agree. As the Financial Times said last week, 'with just eight months left for Jubilee 2000 to make a mark on the debt mountain, the chance of one more seismic shift in the process cannot be ruled out'. "If that seismic shift is to happen, we need everyone's help. All of this work costs money. We have had fantastic financial support, but we still have to find another £200,000 to see our plans through to the end of this year." To make a donation over the telephone using a credit or debit card, by call Jubilee on: + 44 (0)20 7739 1000. You can also donate through their secure website - www.jubilee2000uk.org/funding.html.
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