[stop-imf] Tell Rich Countries to Cancel the Debt NOW!

[robert weissman]

From: =09Africa Action <africaaction@igc.org>


Take Action. Now!

*Tell Rich Countries to Cancel the Debt NOW!*

**

*This is a critical time for taking action in support of debt cancellation.=
*



The governments of the Group of 7 (G7) rich nations are finally
considering 100% debt cancellation for many impoverished nations, though
they are still in disagreement about the terms of such a plan.
Meanwhile, officials at the International Monetary Fund (IMF) and World
Bank are pushing a much less desirable alternative: a so-called *=93Debt
Sustainability Framework=94* that keeps nations paying as much debt as
they possibly can. The IMF and World Bank will try to get their Board of
Governors to approve this proposal /this weekend/ during their Annual
Meetings.



*We need 100% debt cancellation now, not another mechanism that keeps
countries bound by the chains of debt. *



*TAKE ACTION! <http://capwiz.com/africaaction/utr/1/DXDTDWANKB/CCNEDWCDJN/>=
*



The World Bank/IMF proposal not only keeps countries in debt, it forces
them to adhere to harmful economic reform policies dictated by those
institutions in order to receive any new grants or loans.



If the IMF and World Bank get their way, it will greatly delay or block
our opportunity to achieve 100% debt cancellation THIS WEEKEND! These
are two very different approaches to the debt crisis that cannot be
reconciled with one another. *We must defeat the World Bank/IMF proposal
in order to achieve 100% debt cancellation without harmful
conditionality.  *



Please send a message to the Group of 7=92s Executive Directors at the IMF
and World Bank who are the most influential voices and who have the most
votes in the IMF and World Bank Board of Governors. * *

**

*Click HERE
<http://capwiz.com/africaaction/utr/1/DXDTDWANKB/DNYFDWCDJO/> to t**ell
them to reject the proposal for a =93debt sustainability framework=94 and t=
o
cancel the debt NOW!*

**

*TAKE ACTION! <http://capwiz.com/africaaction/utr/1/DXDTDWANKB/EBFKDWCDJP/>=
*

**

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http://capwiz.com/africaaction/mail/oneclick_compose/?alertid=3D6441146
<http://capwiz.com/africaaction/utr/1/DXDTDWANKB/NDKBDWCDJQ/> ]



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