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Africa: Debt, Unfinished Business
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AfricaFocus (Washington, DC)
ANALYSIS
1 July 2008
Posted to the web 1 July 2008
Washington, DC
"In May 1998, 70,000 people from across Britain and the world took part in one of the biggest demonstrations the UK had ever seen: a human chain around the Group of 8 (G8) summit in Birmingham, demanding an end to poor country debt. ... Significant amounts of debt cancellation have been secured for the world's poorest countries, making a real difference to the lives of millions of people in poor countries. .. [But] not all that has been promised has actually been delivered - and further, what was promised was far from enough." - Jubilee Debt Campaign
As G8 leaders prepare to meet in Japan next week, African development, along with global issues affecting Africa, such as climate change and the food crisis, will be on the agenda. But there are serious doubts whether the group of rich countries will deliver on their 2005 pledge to raise annual levels of aid to Africa by at least $25 billion (see http://tinyurl.com/6q4j65) And a new report by the UK's Jubilee Debt Campaign notes that the promises of action on debt cancellation are also still outstanding.
This AfricaFocus Bulletin contains excerpts from the Jubilee Debt Campaign report "Unfinished Business." The full report is available at http://www.jubileedebtcampaign.org.uk
For previous AfricaFocus Bulletins on debt cancellation issues, see http://www.africafocus.org/debtexp.php For information on the campaign in the United States and the current Jubilee Act, see http://www.jubileeusa.org, http://www.afsc.org/africa-debt, and http://www.africaaction.org/campaign_new/debt.php
@@@@@@@@@@@Editor's Picks: Crisis Updates/Background@@@@@@@
Zimbabwe: detailed July 27 election results by province, compared with March 29, plus map of violence
Zimbabwe June 27 Election Report: SADC
http://allafrica.com/peaceafrica/resources/00011577.html
Zimbabwe June 27 Election Report: Pan-African Parliament http://www.africafocus.org/ictexp.php http://allafrica.com/peaceafrica/resources/00011576.html
Zimbabwe: : hunger, terror, displacement and death
by Mary Ndlovu (2008-06-26)
http://www.pambazuka.org/en/category/features/49051
Zimbabwe Solidarity Fund - Africa Action, TransAfrica Forum, Priority Africa Network
http://capwiz.com/africaaction/issues/alert/?alertid=11510781
Previous AfricaFocus Bulletins on Zimbabwe
http://www.africafocus.org/country/zimbabwe.php
@@@@@@@@@@End Editor's Picks: Crisis Updates/Background@@@@@@@
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Unfinished business: Ten years of dropping the debt
May 2008
Jubilee Debt Campaign
info@jubileedebtcampaign.org.uk
http://www.jubileedebtcampaign.org.uk
Jubilee Debt Campaign is part of a global movement working for full cancellation of unjust and unpayable poor country debts, by fair and transparent means. It is a UK coalition of around 90 national organisations and 100 local and regional groups, as well as thousands of individuals.
[Excerpts only. The full 44-page report contains 7 chapters, plus appendices and endnotes. The chapters are 1. A brief history of the debt crisis; 2. The debt problem unpacked; 3. The Jubilee movement so far; 4. Promises made, promises kept?; 5 Flawed processes; 6. Debt relief is working; 7 Next stages on the journey ]
Introduction and summary
In May 1998, 70,000 people from across Britain and the world took part in one of the biggest demonstrations the UK had ever seen: a human chain around the Group of 8 (G8) summit in Birmingham, demanding an end to poor country debt.
It was a day that changed the world for millions of people. The issue of debt was catapulted to the top of the G8 agenda, leading to large commitments for debt cancellation. It was a turning point in the ability of ordinary people directly to influence the policies of global financial institutions - and to move towards justice on behalf of the world's poor.
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But it was not enough. Ten years later, we look back ...to assess just how far we have - and haven't - come. ...
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