Debt Relief

 

Introduction & Overview

introduction
introduction & overview of the issue

overviews & key resources
overview factsheets, key websites & resources


In-depth Resource Guide

articles & literature
articles, documents, factsheets, reports & publications

organizations & websites
organizations, programs, and other informational websites
introduction  The debt burden is the biggest single barrier to development in the Third World, the most powerful tool that western nations use to keep whole countries in bondage. It is estimated that the Third World pays the developed North nine times more in debt repayments than they receive in aid. Africa alone spends four times more on repaying its debts than it spends on health care. (DebtChannel.org - OneWorld.net - Beginner's Guide to Debt) In 1997 the foreign debts of ‘developing’ countries were more than two trillion (million million) US dollars and still growing. The result is a debt of $400 for every man, woman and child in the developing world – where average income in the very poorest countries is less than a dollar a day. (New Internationalist, Issue 312 "Debt")