Issues we work on: debt and aid. The cancellation comes after a long wait and an arduous struggle. Mortgage international. Nobel winners praise norway for cancelling debts. We were not asked if we wanted this debt relief to go ahead. Remortgage nationwide. Who has the biggest debt problem?Billion debt cancellation, dfid is in the process of doubling its assistance to nigeria to £100 million.

More aid better aid drop debt nigerian debt real aid our research. This briefing outlines ways to get the most desirable outcome from the current momentum for a debt relief deal. In return nigeria will use part of its oil windfall to pay off the remaining debt. Debt cancellation comes with harmful strings attached. Every dollar spent on debt repayment is a dollar not spent on food, education and life- saving medicines. G8 proposals for hipc debt cancellation.

Debt cancellation on the part of the united states and great britain is an extremely positive development for poor countries. This represents the largest debt relief package ever in sub- saharan africa. G7 must act to now drop the debt.

Today oxfam will release a report, beyond hipc: the future of debt cancellation. Auto credit. The immediate benefits this debt cancellation will undoubtedly bring. It only encourages these nations to build up huge debts again, believing that they will never have to pay them. Dfid has been working hard with the nigerian authorities to ensure that all the savings from the debt cancellation are effectively targeted on reducing poverty. The small debt relief given so far has been used well and saved lives. Put an immediate end to harmful economic- policy conditionality associated with hipc debt relief.

This cancellation needs to happen though: that much has clearly been established. If the british government is feeling so generous then maybe it would like to pay of my debts. Debt relief should not be financed out of existing aid budgets, but from new contributions from donors. We are agreed on a case- by- case analysis of hipc countries, based on our willingness to provide as much as 100 per cent multilateral debt relief.

These debts not only hurt those in poverty, they are also deeply unjust. Interest on late payment. This cancellation is huge, the second- biggest debt ever offered by the paris club, after that to iraq. Issues we work on: debt and aid.

Under the g8 debt cancellation deal, donors promised to reimburse ida for lost reflows. Is anything being done about debt relief now? Currently, the worlds poorest countries spend more on debt repayments - $100 million a day  than they do on health. When, through greed and corruption, the projects collapse, these rich speculators turn to the west and say "wipe out our debts". Where did the debt come from?