Wednesday, July 2, 2008
Jubilee USA demands cancellation of Poor Country Debt
From 20 to 23 June 2008 in Columbus, Ohio group Jubilee USA organized a conference on the cancellation of the debts owed by the governments of poor countries to international lenders. The plight of poor countries across five continents were addressed at the conference. Jubilee USA seeks to eliminate the burden that large external debts place on the poorest countries. Haiti and LIberia, two of the poorest countries in the world, have external debts of $1.5 billion and $4.5 billion respectively.
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