January 9, 2001
"Decisive action by the international community to eliminate poverty is both a moral imperative and a matter of vital self-interest. ... But debt relief is only one part of the equation. Increasingly, developing countries recognize the need to help themselves through better governance, conflict resolution, human development and the creation of a vibrant private sector. The international community must support these self-help efforts by providing enhanced opportunities for international trade and investment.
May 30, 2003 |
This week, President Bush signed global AIDS legislation with the potential to help some of the poorest people in the world. But even if Congress fully funds the $3 billion a year called for in this legislation, it will do little good if African countries must continue to pay more than $14 billion every year in debt payments to wealthy nations instead of investing in the health of their own people. Luckily, a provision in the legislation championed by U.S. Sen. Rick Santorum would provide expanded debt relief to nations suffering under the twin burdens of debt and AIDS.
June 16, 2005 |
Wipe the slate clean. That, in sum, is what members of Congress from the Philadelphia region say about debt relief for poor nations. The Live 8 concerts in Philadelphia, London, Berlin, Paris and Rome are aimed at persuading political leaders to lift billions of dollars in debt from poor nations, mostly in Africa. But as far as the region's congressional delegation is concerned, the concert performers will be preaching to the converted July 2 when they belt out support for debt relief outside the Philadelphia Museum of Art. In interviews, Republicans and Democrats alike, so often at odds over foreign and domestic issues, were of one accord, saying poor nations had no chance of moving forward without debt relief.
October 22, 2015
PEOPLE ARE SO desperate to get out of debt that they will believe anything and anyone promising relief. They often turn to debt-relief companies that promote plans that supposedly can solve their problems. But for many, not only does the relief not come but the steep cost of the plans - sometimes thousands of dollars - can dig them in deeper. Recently, the Federal Trade Commission announced a $7.9 million settlement with one debt-relief operation that the agency said scammed people with false promises.
November 19, 2015 |
The Art Institute of Philadelphia is among a network of for-profit colleges nationwide that will forgive nearly $103 million in student loans under a multistate settlement of complaints that the company used high-pressure tactics to enroll unqualified students. In Pennsylvania, 2,683 students stand to benefit from a total of more than $4 million in debt relief, said Pennsylvania Attorney General Kathleen G. Kane, whose office noted that 39 state attorneys general joined the settlement with Pittsburgh-based Education Management Corp., which enrolls more than 100,000 students online and at 110 locations in 32 states and Canada.
March 24, 1995 |
The whole Mideast peace process is being undermined by a quarrel between the White House and Congress over $275 million in debt relief for Jordan. That may sound like peanuts in such an oil-rich region. But the stakes involved are much bigger than Congress' hesitation to approve this amount, which President Clinton promised to Jordan's King Hussein after he made peace with Israel. What is really at issue is America's reputation in the Mideast, and whether it wants to retain its image as a world leader.
February 20, 2004 |
Iraq and the Democratic Republic of Congo have something in common: billions of dollars in international loans that vanished into the coffers of their former dictators, Saddam Hussein and Mobutu Sese Seko. Iraq has seen much of its $116 billion debt erased after lobbying by former Secretary of State James Baker 3d. Now Africa advocates want to know why the United States can't lobby governments to reduce the debt owed by Congo and other African countries, which totals at least $333 billion.
June 12, 1987 |
The United Nations yesterday urged the leading industrial powers to grant partial debt relief to developing nations to help overcome an "unsustainable situation. " A study by the U.N. Division for Economic and Social Information predicted that world economic growth in the next two years would be "fragile" and said expansion was not happening fast enough to end high unemployment in the industrialized nations or raise the standard of living in most of the Third World. The study predicted that both developed and developing nations would have annual growth rates of between 2.5 percent and 3.5 percent in the next two years.
June 26, 2005 |
Habib Boole is planning to join up to a million people expected to gather on the Benjamin Franklin Parkway for the Live 8 concert on Saturday. The show, featuring a diverse lineup of musicians such as Sarah McLachlan, Maroon 5, P. Diddy and Destiny's Child, hopes to raise awareness about extreme poverty and the need for debt relief in African countries like Senegal, Tanzania, and Boole's homeland, Niger. The May 31 announcement of the shows has been met with a mixture of hope and skepticism by Boole and other Philadelphia-area African immigrants.
March 26, 1999
Regina, a 12-year-old in Tanzania, should be learning reading, writing and arithmetic, but her family can't afford to send her to school. If she stays out of the classroom, the odds are that she'll live in poverty as an adult. If only her story were unusual. Right now, developing nations are home to 125 million children who ought to be in primary school, but aren't. And thanks to a mix of tradition and discrimination, two-thirds of these kids with tickets to nowhere are girls. Worldwide, the problem is lessening ever so slowly, yet in many countries - especially in sub-Saharan Africa - it has worsened.