Will Wiping Out Debt Really Help?Doubt About How Effectively Cash Plans Will Alleviate Poverty Analysis

The HeraldJune 11, 2005

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Summary


AS with so many of the grand decisions that affect the lives of millions in this world, it was made by a handful of men in suits behind closed doors.

But will the announcement of the G7 finance ministers, Gordon Brown among them, that they are to wipe out pounds-30bn of debt really do anything to alleviate the poverty and suffering of the world's poorest citizens?

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Will Wiping Out Debt Really Help?Doubt About How Effectively Cash Plans Will Alleviate Poverty Analysis

The facts are plain and unequivocal: every day 30,000 children die because of extreme poverty while many countries still spend more on debt relief than on the basic needs of the...

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