What was the value of Malawi’s debt cancellation (received in September 2006)? If Malawi had received its debt relief with no hidden reductions and cuts, it would have had $101 million extra per annum free in its budget (the UK, in comparison, gave $180 million in 2006: SID, table 16.2). What it has really had […]
The “Another World is Possible” rally in Rostock, 2nd June. At about 2.30pm, several thousand people dressed in black emerged from the ranks of the eighty-thousand peaceful demonstrators and marched at the police. Clashes started shortly afterwards. The police’s initial charges were limited, and did not disperse the group in black – though they did […]
The debt relief offered to Zambia through the Heavily Indebted Poor Countries (HIPC) initiative would reduce the money available for human development. This is a surprising claim in a paper by John Weeks and Terry McKinley for the United Nations Development Programme (PDF here). When G8 Debt Deal cancellation (MDRI) is added, Zambia does see a […]
On the face of it, the G8 debt deal is a scam. The money that qualifying countries save on debt repayments is almost entirely balanced by a corresponding cut in the aid that they receive from the World Bank. The G8’s debt deal seems to work like this: the financial flows out of the country […]
The day before the G8 Summit in Scotland, 2005, Jubilee Scotland held a public debate on what the prospects were for a real resolution to the global debt crisis. I was worried that the G8 mobilisations would bypass ordinary people in Edinburgh; that people would come along to the Make Poverty History march but never […]
Last year, we ran a successful event where we “mapped” the course of the discussion using argument mapping techniques. Our version of last year’s map has an overview of what happened during the last session. We’d welcome all comments to questions raised in this map in the comments box below.
Come along to our event :: 5th July, 6pm at: Augustine United Church George IV Bridge Edinburgh In 2005 the G8 came to Scotland and announced “immediate 100% debt cancellation” for the world’s most impoverished countries. What did this mean?. Has it happened?. and if it has happened… what difference is it making? Hear from: […]