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Debt cancellation delivered – one year on

Today the 2005 debt deal comes fully into effect one year on from the G8 meeting at Gleneagles.  Tomorrow it will be the anniversary of Live 8 – the Make Poverty History Edinburgh event that demanded debt cancellation.  Next Saturday will be one year since the G8 leaders signed the communiqué promising debt cancellation.  During the year I have been interviewing Stephen Rand (co-chair of the Julbilee Debt Campaign) on a regular basis.  Stephen has a trendous grasp of the issues, a big heart, and a passion for these important issues of Trade Justice and Debt Cancelletion.  Here are some facts to report on debt cancellation:  

  • Hundreds of thousands have participated in the Jubilee movement for debt cancellation over the past ten years
  • Hundreds of thousands more participated in Make Poverty History in 2005, which included the call to ‘Drop the Debt’
  • The facts of the G8 debt deal are regularly described inaccurately
  • There is significant unfinished business
  • Some countries are already using the benefits of the debt deal to combat poverty – there is a human interest story at the heart of the debt crisis
  • Debt is not an isolated issue – it is bound up with aid and trade; it impacts the environment, it affects woman and children, it undermines democracy
  • The UK has made money from Africa as a result of Nigeria’s debt deal
  • The economic conditions demanded in return for debt relief are often highly damaging

Though the G8 debt deal was reported as a major success from the Gleneagles Summit. The Jubillee Debt Campaign asks: Will it deliver a new deal for the world’s poor? And whose fault will it be if it does not?  For more info:

www.jubileedebtcampaign.org.uk/media

The Jubilee Debt Campaign is a coalition of national organisations and local and regional groups calling for 100% cancellation of unpayable and unjust poor country debts by fair and transparent means. Member organisations include churches, other faith groups, trade unions, and major aid agencies. Jubilee Debt Campaign was a core coalition of Make Poverty History.  

Tony is a Methodist Minister, broadcaster and author. He is a radio presenter with Premier Christian Radio and a regular contributor to BBC Radio 2's Pause for Thought (5.45am and 9.20am). Tony is married with two children.

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