Ring out the debt, ring in prosperity?(Third World countries)

Ring out the debt, ring in prosperity?(Third World countries)

The world's eight leading industrialized countries will discuss the issue of condoning the debt owed by developing countries to the International Monetary Fund and other private banks by 2000 at their annual meeting in Cologne, Germany, in June 1999. The initiative was started by a group callin...

Full description

Saved in:
Bibliographic Details
Published in:Dollars & Sense 1999 (223), p.9
Main Author: Holtzman, David
Format: Newsletterarticle
Language:eng
Subjects:
Debt
Debt cancellation
Developing countries
Economic aspects
Economic reform
Economic summit conferences
External debt
External debts
Industrial nations
Industrialized countries
International aspects
International relations
LDCs
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The world's eight leading industrialized countries will discuss the issue of condoning the debt owed by developing countries to the International Monetary Fund and other private banks by 2000 at their annual meeting in Cologne, Germany, in June 1999. The initiative was started by a group calling itself Jubilee 2000 who were inspired by the Bible's Book of Leviticus Chapter 25:10, which says that borrowers should be given their property back after 50 years so they can start anew. The idea has even received the support of Pope John Paul II.
ISSN:0012-5245