http://www.orlandosentinel.com/news/pol … 1724.story
WASHINGTON - The House voted Wednesday to expand by some 25 countries the list of those poorest states eligible for debt relief, allowing them to divert scarce resources from loan repayment to health and education programs.
The legislation instructs the administration to begin talks with international financial institutions such as the World Bank on an agreement allowing the new countries to receive debt cancellation.
To be eligible the countries, mainly from Africa, must be committed to reducing poverty, holding free elections, practicing good governance, combating corruption and rejecting terrorism and human rights violations.
Since 1996, when industrialized countries and the financial institutions came together on the Heavily Indebted Poor Countries Initiative, more than 30 nations have received some form of debt relief equal to about $80 billion.
I just wanted to say, well done USA, +1 to you especially in a time of financial hardship. This is the kind of thing that'll save huge numbers of people from poverty and death.
WASHINGTON - The House voted Wednesday to expand by some 25 countries the list of those poorest states eligible for debt relief, allowing them to divert scarce resources from loan repayment to health and education programs.
The legislation instructs the administration to begin talks with international financial institutions such as the World Bank on an agreement allowing the new countries to receive debt cancellation.
To be eligible the countries, mainly from Africa, must be committed to reducing poverty, holding free elections, practicing good governance, combating corruption and rejecting terrorism and human rights violations.
Since 1996, when industrialized countries and the financial institutions came together on the Heavily Indebted Poor Countries Initiative, more than 30 nations have received some form of debt relief equal to about $80 billion.
I just wanted to say, well done USA, +1 to you especially in a time of financial hardship. This is the kind of thing that'll save huge numbers of people from poverty and death.