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Debt Relief
Only Available in Archive Formats.
Debt Relief

Debt Relief

Debt Relief
Only Available in Archive Formats.

Officials of the World Bank and the International Monetary Fund are meeting this weekend in Washington, D.C. Among their tasks is to hammer out details of a debt relief plan for some of the world's poorest nations. Daniel talks with Phillipine activist Lidy Nacpil and Harvard economist Jeffrey Sachs about their project, "Jubilee 2000." The group wants not SOME of the debt forgiven - but ALL of it. The debt accrued by many developing countries, they say, was borrowed by dictators for corrupt purposes. And now the desperately poor citizens of those countries are being forced to make payment on those loans - and doing so, Sachs and Nacpil say, is costing many people their lives.

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