Letter to Prime Minister Paul Martin re: Cancellation of the Debts of the Poorest Countries

“Perhaps more than any other G7 leader, you are aware of the importance of debt cancellation for impoverished countries, and the failures of past strategies to address the debt issue. Despite important gains secured by current debt relief strategies, poor countries still spend more on debt service than on health and education. Countries in Africa continue to pay more for debt servicing than they receive in development assistance, and in most cases this amount is greater than their budgets for health and education combined…”

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