President of Tanzania calls for 100% debt cancellation

Over 300 debt campaigners heard Tanzania’s President Benjamin Mkapa insist that 100% debt cancellation was essential to his country’s plans to combat poverty when he spoke at Jubilee Debt Campaign's Annual Conference on 26 February 2005.

After explaining the use Tanzania has made of the limited debt relief received so far – in education, health and water supplies – he ended with a call to "give us the tools, and we will finish the job. Wipe out debt in 2005!! On to the jubilee!"

The President also brought a personal message for debt campaigners, stating that he had come to encourage them, to explain what had been achieved so far, to bring greetings of solidarity from Tanzania, and "to thank you all personally, and on behalf of our people, for what the Jubilee movement worldwide has done to ensure that poor countries like mine do not have to choose between the life of a child – dying of a preventable disease – and the servicing of an external debt."

He quoted many examples of what could be done if this money was released by debt cancellation, including combating malaria, the major dangerous disease in Tanzania: "The cost of treating malaria in Tanzania is £13 million per year, against the entire government budget for medicines of £17 million."

President Mkapa referred to the arguments made against immediate debt cancellation: "Opponents of debt cancellation and increased ODA will tell you Africa does not have the capacity to absorb substantial new resources. They will tell you the problems of Africa are not just about money. I agree, it is not only about money. But I am here to tell you that there are today more African governments than ever that have put in place all the other requirements for more robust growth, and faster poverty reduction, such that with each new injection of financial resources progress can be seen on the ground."

The day also included a number of lively workshops, a panel discussion and opportunities for networking among local activists and member organisations. Thanks to all who attended for making the day so lively and inspiring. If you have any comments about the day or suggestions, please contact us.

The full transcript of the President's speech can be downloaded using the link on the right.