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Wednesday, August 24, 2005 |
Guardian: "Poor countries are free to do what rich countries tell them. The cost is huge. Christian Aid estimates that Africa has lost $272bn in the past 20 years from being forced to promote trade liberalisation as the price for receiving World Bank loans and debt relief. The draft outcome of the millennium summit says nothing about abolishing these conditions and contains little to address Africa's poverty.
The G8 agreed to increase aid from rich countries by $48bn a year by 2010. When Tony Blair announced this to parliament, he said that 'in addition ... we agreed to cancel 100% of the multilateral debts' of the most indebted countries. He also stated that aid would come with no conditions attached. These were big claims, all of which can now be shown to be false."
2:10:42 PM 
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© Copyright 2005 Hetty Litjens.
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