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Forwarded from Jubilee USA Network
Jubilee USA Network
Action Alert * February 21, 2006
Take Action: Urge World Bank to Remove Deadly Delays to Debt Cancellation World Bank Board will meet Thursday, Feb 23 and again in mid-March to implement G-8 debt deal“The path to complete debt relief now has been cleared. Across Africa and around the World, leaders in 42 countries will no longer have to choose between spending to benefit their people and repaying impossible debts, often the legacy of governments past.” – Paul Wolfowitz, World Bank President, February 11, 2006
Thanks to your e-mails and calls to the IMF Executive Board this past December, the IMF Board approved debt cancellation for 19 impoverished countries, reversing its proposal to deny cancellation to a half-dozen countries.But now we need your help to hold World Bank President Paul Wolfowitz to his word. Though he said 42 countries will benefit from the G-8 debt deal, the fine print of the World Bank’s plan to implement debt cancellation means that beyond an initial 17 nations, any additional countries will have to wait at a minimum until mid-2007 – a full two years after the G-8 Summit in Gleneagles – for their debts to be cancelled to the World Bank. These countries will have to keep paying their debts in the meantime even after they reach the completion point – and these payments are non-refundable. Some nations, like Haiti, will have to wait until 2009. This is unacceptable. Please send an e-mail to World Bank President Paul Wolfowitz and US Executive Director to the World Bank Robert Holland today urging them to stop the policy of 2 years of delay. The World Bank board will meet twice in the next month to address the implementation of the debt deal – on Thursday, February 23, and again in March. We will be in touch with you again in early March with an update and may need to ask you to take action again.Take Action: E-Mail World Bank President Paul Wolfowitz and US Executive Director to the World Bank Robert Holland
Thank you for taking action today!
The Jubilee USA Network staff team – Neil, Kristin, Debi, Diane, Sarah, Kennji, Kate, & Nathaniel
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