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An Agenda for Economic Justice Print E-mail

Countries suffering under the debt burden are often forced to spend less on necessities such as health care and education, promoting the cycle of poverty and driving many struggling countries into further crisis. These countries should have their debts cancelled so as to enable national governments to more effectively serve their people.

The U.S. government should:

  • Immediately cancel all bilateral debts owed to the United States by poor countries.
  • Use its power and voice to advocate for 100% debt cancellation for impoverished countries and nations suffering from illegitimate or odious debt at the World Bank and International Monetary Fund, as well as other multilateral institutions.
  • Reform current regulations that condition debt on certain economic policies.
  • Work with the international community to create global economic policies and trade rules that eradicate poverty and promote sustainable human development.
  • Continue to provide foreign aid to countries striving to rebuild their infrastructure, health services, and education systems.
  • Derive new mechanisms to monitor aid and ensure that debt relief money is put to good use. Countries must be held accountable for their pledges.
  • Take a stand against World Bank and IMF policies that hinder a nation's people and their participation in the direction of their economies.

 

 
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