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World Bank & IMF Spring Meetings 2006
The meetings in Washington for the boards of the World Bank and IMF concentrated on the future role of the IMF and on Paul Wolfowitz’s high profile announcements on corruption. On debt, further steps were taken to implement the Multilateral Debt Relief Initiative (MDRI otherwise known as the G8 debt deal.) and both boards accepted a list of 11 potential new HIPC countries that could qualify for debt relief. Our email action concentrated on the fact that many more countries are in desperate need of debt relief and yet by the standards of the World Bank and IMF only 16 countries’ debts were analysed. The World Bank and IMF only recognise a country’s need for debt cancellation if they are unable to pay back their debts which can mask a more vital human development need. We will continue to call on the World Bank and IMF to grant debt cancellation on the basis of human need. For more information on what happened at the meetings please visit Bretton Woods Project for a full update
Text of the letter sent to Gordon Brown
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© 2006 Jubilee Scotland
Last modified 13-Apr-2007