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Will Debt Relief Address the Needs of Highly Indebted Countries?

Will Debt Relief Address the Needs of Highly Indebted Countries?. World Poverty. MAKE POVERTY HISTORY. http://www.makepovertyhistory.ca/e/home.php. The pace of action is too slow. And it is the poor who are paying the price. Stephen Lewis, United Nations Special Envoy for HIV/AIDS in Africa.

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Will Debt Relief Address the Needs of Highly Indebted Countries?

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  1. Will Debt Relief Address the Needs of Highly Indebted Countries?

  2. World Poverty

  3. MAKE POVERTY HISTORY http://www.makepovertyhistory.ca/e/home.php The pace of action is too slow.And it is the poor who are paying the price. Stephen Lewis, United Nations Special Envoy for HIV/AIDS in Africa

  4. Defining the Problem • Sub-Saharan African countries pay $12 billion in interest on loans every year • About 80% of the debt is to rich country governments & international lending institutions • Every year Sub-Saharan Africa spends $30 billion dollars repaying debts to the world's rich countries and international institutions. Often they spend so much on debt payments that they have very little left over for health or education

  5. Water and Education • More than 300 million people in Africa do not have access to clean water and more than 44 million primary-school aged children are out of school in Africa.

  6. www.data.org HIV/AIDS • 6500 Africans die every day of HIV • 1 in 5 Africans are infected with HIV • 2 million children have HIV • 13 million orphans in Africa • 8,500 contract the HIV virus every day • 1,400 newborn babies/day are infected during childbirth or by their mothers' milk. • Africa is home to 25 million people with HIV

  7. MONEY • 8 million people that die each year could be saved by money rich countries spend on pets • Millions of children out of school for .5% of US defence budget • Amount of $ spent on alcohol/week in Europe could provide sanitation to half the world’s population

  8. 300,000 children in over 60 countries are soldiers

  9. "It doesn't fit our budgetary process," President George W. Bush American http://www.mca.gov/ Millennium Challenge Corporation - $2.5 billion available, nothing has been dispersed.

  10. Economist, Nov 9 2006 Less Mary Poppins • Problem of Mission Creep: International Organizations distracted by “trendy” problems like obesity, smoking & other LIFESTYLE DISEASES. Less Nannies More Action

  11. Issues around Debt Relief • Meeting the Problem:Heavily Indebted Poor Countries (HIPC) Initiative • Canada proposes 100% debt relief:http://www.fin.gc.ca/news05/05-008e.html

  12. Yes to Debt Relief • IMF & World Bank are too strict, therefore they are punishing people not the governments • More $ for education • Improve health • Access to Water • Gender equality

  13. No to Debt Relief Uganda was forgiven its debts... as a consequence the government indulged itself in very luxurious expenditures... and invaded Congo and Sudan CorruptionBad LeadersBad Institutions http://news.bbc.co.uk/2/hi/africa/4657139.stm

  14. Our Self Interest “An Africa in which viruses could be monitored and controlled would preserve AIDS as a singularity rather than a harbinger of more pandemics. Given that disease is affected by poverty, migration, and environmental trends, helping Africa is strategically important if only in terms of cold self-interest. “Proportionalism, by Robert D. Kaplan, http://www.theatlantic.com/issues/96aug/proport/proport.htm

  15. Education and Awareness

  16. There is Hope • http://www.data.org/whyafrica/whatworks/ Success Stories: Uganda cut the spread of AIDS by 5% in 2000 with ABC ABC: Abstain, Be Faithful, use CondomsBetween 1997-1999 children being educated in Uganda went from 2.3 million to 6.5 million

  17. References http://www.makepovertyhistory.ca/e/aim2.htmlhttp://www.makepovertyhistory.org/ http://www.economist.comhttp://news.bbc.co.uk/2/hi/africa/4657139.stmhttp://www.cfr.org/publication/8167/africa.html

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