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June 09, 2004
G-8 Considers Debt Cancellation
There are apparently real discussions in the G-8 Summit towards dropping hundred percent of the debt for the 40 odd impoverished countries included in the "Heavily Indebted Poor Countries" iniative. I suppose Bush and Blair have to do something dramatic to try not to spend eternity in the purgatory -- as well as cover up for the war, the lies, the conduct of the occupation... They also want debt relief for Iraq and even the most shameless hypocrites probably have to draw the line somewhere.
Still, it would be one of the most significant, tangible victories by "the movement" in a long, long time. So far, most of our gains have been in the rhetoric and lip service department -- and while it is a sign of progress to have them adopt our language, victory it is not. (Structural adjustment programs are now called "Poverty Reduction Strategy Initiatives," soon to be renamed "Apple Pie and Blue Skies for All Efforts".)
The story is developing, with the British group Christian Aid calling it "likely." (Following their work from a distance, my impression has been that Christain Aid is a great group that does great work but does not mince words -- a rare combo in a world where many NGOs focus too hard on maintaining access and influence at the expense of uncompromising public advocacy and truth-telling.)
I'll write more on it soon. Meanwhile here's a piece by Jubilee 2000 organizer Marie Clarke who's in Georgia following the summit from a distance. And I do mean a distance: I talked to her today and she told me what she wrote in her piece wasn't in jest -- there really are alligators and quicksands in the waters separating the protestors from the summit.
Posted by zeynep at June 9, 2004 03:59 AM
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when was russia included in the G7 to make it the G8?
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