Q & a: dropping the debt. Bbc news online's fergus nicoll examines the arguments for and against cancelling the debt owed by developing countries. However, care must be taken with possible economic backlashes that could send all of us into spiralling debt. Click here for a map showing highly- indebted poor countries. We are calling for 100% cancellation of unpayable and unfair poor country debts. Do the deal: the g7 must act now to cancel poor country debts - policy paper.

This briefing outlines ways to get the most desirable outcome from the current momentum for a debt relief deal. Billion debt cancellation, dfid is in the process of doubling its assistance to nigeria to £100 million. World bank and imf shareholders should leave open the list of beneficiary countries, so that others in similar need of debt relief can be included. The move, which follows a similar debt cancellation by the us, has been welcomed by anti- poverty campaigners. G7 finance ministers must cancel poor countries' debts. Most importantly he must drop the free market measures imposed as a condition of debt relief on developing countries.

These total more than $30 billion, and make up the vast majority of nigeria’s debt. Cheap fixed mortgages. How long will leaders delay canceling debt and increasing aid. The report, written by jubilee research at the new economics foundation and jointly published with the jubilee debt campaign challenges ministers' complacency on debt relief. Oxfam is calling on g7 countries to agree to debt cancellation, financed in part by selling some of the imfs gold. Response to ngo campaign to return money back to nigeria following the 20 october paris club debt deal. However, doesn't cancelling debt to the worlds poorest nations reward the most unsuccessful and corrupt countries in the world? President of nigeria and his finance minister have both welcomed the paris club debt deal.

However, only uganda is anywhere near having its debts cancelled. Delays in debt cancellation come at a terrible cost for the world’s poorest people, ” said hepburn. Nice idea but the world debt picture is far more complicated than this simple jesture suggests. Debt is a millstone around the neck of the poorest countries.

Thirty- eight countries are eligible for debt relief under the hipc highly- indebted poor countries initiative. Jubilee usa welcomes world bank approval of debt cancellation deal; applauds banks reversal of policy on additional delays to eligible poor countries. The continued squandering of precious resources on debt repayments is making a mockery of the international community's stated commitment to improving the lives of the poor. The hipc initiative has been heavily criticised by ngos for delivering too little debt relief too slowly and for imposing damaging conditions requiring libe Should more countries cancel the debt?The cancellation of third world debt is a noble cause. If, as is projected, cameroon reaches completion point in april 2006, under previous plans it would have had to wait until 1 july 2007 for debt cancellation a full 15 months.

Search g8 cancellation of world bank, imf debt: "step forward. Yet, by committing only to cover debt service until 2015, ministers offer more like 30 per cent debt relief. Currently, the worlds poorest countries spend more on debt repayments - $100 million a day  than they do on health.

Any money used to fund this debt cancellation must be additional to current aid. Jubilee 2000 says: "cancelling unpayable debts would provide an essential opportunity and foundation for development". Under hipc world leaders promised to write off $110bn of debt, yet less than $36 billion has actually been cancelled. We believe that good governance, accountability and transparency are crucial to releasing the benefits of the debt cancellation.