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An Agenda for Economic Justice |
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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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