Saturday, June 11, 2005

Debt relief

They've reached an deal on debt relief!

"Under the deal, the World Bank, the International Monetary Fund and the African Development Fund will immediately write off 100% of the money owed to them by 18 countries - a total of $40bn (£22bn; 33bn euros)." BBC News

Excellent news!

But still lots to pray about.

1 comments:

Shervington said...

The amount of money involved in debt relief is completely swallowed by the amount the EU US and Japan spend on propping up their ailing farming industries. Debt relief is ok but it is really a figleaf to hide mountains of rotting food and to excuse the west from opening up food markets so that they are truly 'free'.