Debt cancellation works

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	Debt cancellation works

Iced Mocha

10-12-2007 12:37 PM

225 views

tags:

debt cancellation, poverty, activism

Iced Mocha says:

Ask your Member of Congress to cosponsor the Jubilee Act (HR 2634) which will extend debt cancellation without imposing harmful economic conditions on all impoverished countries that are required to meet the Millennium Development Goals.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/52be1450-735f-4788-8c4c-7ada0629f957/9CE28662-6D23-4095-9A5C-D11478F08815/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.one.org/documents/lobbying/jubile.html" href="http://www.one.org/documents/lobbying/jubile.html" style="font-size: 11px;">www.one.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.one.org/documents/lobbying/jubile.html">For the world's most impoverished countries, the cost of debt overshadows their ability to provide access to clean water, education and basic healthcare. Some countries spent as much as 25-30% of their annual budgets servicing their debt, more than was spent on education and healthcare combined. Debt cancellation would help ensure funds were used for poverty reduction, ultimately decreasing poor countries dependence on foreign aid. While the debt crisis is far from over, the U.S. and other industrialized countries have taken action to relieve debt burdens in many of the most impoverished countries and these commitments have proven effective.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.one.org/documents/lobbying/jubile.html">Mozambique used its debt service  savings to vaccinate children against tetanus, whooping cough and diphtheria, as well as build and electrify schools.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.one.org/documents/lobbying/jubile.html">Nigeria is using the $750 million in debt service savings from 2006 to train and recruit new teachers.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/9CE28662-6D23-4095-9A5C-D11478F08815/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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