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2006 news archive
Sierra Leone gets debt cancellation, finally Sierra Leone has finally finished the international debt relief scheme - which means that after years of meeting onerous conditions imposed by the rich world, it will now get cancellation of debts totalling 1.6 billion US dollars. 18 December 2006 |
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UK must not let World Bank off the hook Jubilee Debt Campaign is urging the UK government not to let the World Bank off the hook after Hilary Benn, the International Development Secretary, announced he would be paying £50 million withheld in September in a dispute over strings attached to aid and debt relief. 5 December 2006 |
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Central African Republic pays off old debts The Central African Republic has just paid off old debts to the World Bank - with a grant from the World Bank! This apparently pointless exercise is just one of the hoops the country has to jump through in order to get debt cancellation in future. 30 November 2006 |
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Haiti starts debt cancellation process Haiti, the poorest country in the western hemisphere, was yesterday granted entry to the international debt cancellation scheme. However, Haiti will still have to spend several years meeting the onerous conditions set down by the World Bank and IMF before any debts are actually cancelled. 24 November 2006 |
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Debt cancellation for poorest Latin American countries The Inter-American Development Bank has agreed to cancel debts being paid by Bolivia, Guyana, Honduras, Nicaragua and - eventually - Haiti, ensuring that these countries will get a similar level of debt cancellation as the poorest African countries. 20 November 2006 |
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Uruguay escapes IMF debt-and-conditions trap Uruguay has become the latest Latin American country to flee the International Monetary Fund (IMF) debt-and-conditions trap, by paying off all its outstanding debt to the IMF. 17 November 2006 |
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Norway sets standard for rich countries The Norwegian government yesterday took the unprecedented step of accepting that its own bad lending in the past was responsible for debts being paid by five poor countries - and cancelled these debts without conditions. 3 October 2006 |
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UK responding to campaigners on conditions The UK government has announced that it will withhold some money from the World Bank because of the damaging and undemocratic conditions attached to debt cancellation and aid - going a little way towards meeting the demands of campaigners. 15 September 2006 |
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Campaigners banned from IMF / World Bank meetings Nearly 30 campaigners on debt and economic justice have been banned from the 2006 annual meetings of the World Bank and International Monetary Fund (IMF) by the host country, Singapore, and two were refused entry to the country on Wednesday 13 September. 14 September 2006 |
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Malawi gets debt cancellation After years of waiting, Malawi has finally got cancellation of some of its huge and crippling debts. 1 September 2006 |
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Nobel winners praise Norway for cancelling debts Seven Nobel Peace Prize Laureates have today written to the Norwegian government praising their decision to cancel debts on the grounds of lender responsibility, and urging them to acknowledge publicly that the debts are illegitimate. 23 August 2006 |
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Afghanistan gets debt cancellation On 19 July, Russia, Germany, and the US agreed to cancel most of the debts, totalling $11 billion, that Afghanistan was still paying to them.
20 July 2006 |
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Disappointing G8 in St Petersburg The G8 summit in St Petersburg has ended with only weak statements on poverty. Moussa Fye, Director of ActionAid Senegal, commented: “The G8 can take a year off, but poverty doesn’t.” 18 July 2006 |
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The Good, the Bad and the Ugly - one year on briefing
Jubilee Debt Campaign has released a short briefing on the Gleneagles G8 debt deal - now known as the Multilateral Debt Relief Initiative - detailing the good, the bad and the ugly of the deal and its delivery over the last year. 26 June 2006 |
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Paris Club gets red card on 50th birthday Debt campaigners from around the world, including Jubilee Debt Campaign, have marked the 50th birthday of the Paris Club by staging an Unfair World Cup outside its headquarters. 14 June 2006 |
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World Debt Day On World Debt Day 2006, Jubilee Debt Campaign is thanking debt activists for the huge impact they have had over the last years and months. 16 May 2006 |
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Cameroon gets debt cancellation Cameroon has qualified for debt cancellation of $2.4 billion - after meeting the onerous conditions set by the World Bank and IMF. 1 May 2006 |
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Renewal of Global Call to Action Against Poverty The Global Call to Action Against Poverty - the international campaign of which MAKEPOVERTYHISTORY was the UK member - has chosen the month from September 16 to October 17 as the 2006 month of action against poverty. 16 March 2006 |
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Republic of Congo qualifies for debt relief The Republic of Congo (Congo Brazzaville) has become the 29th country to qualify for the international debt relief scheme - after an unexpected last-minute delay. 10 March 2006 |
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