To celebrate a very blue (grey) Monday - Third World Debt - some - TopicsExpress

To celebrate a very blue (grey) Monday - Third World Debt - some facts: > The developing world now spends $1.3 on debt repayment for every $1 it receives in grants. Nigeria borrowed around $5 billion and has paid about $16 billion, but still owes $28 billion. That $28 billion came about due to bias in the foreign creditors interest rates. > 7 million children die each year as a result of the debt crisis. > In the 52 Jubilee 2000 countries, a total of 1 billion people shoulder a debt burden of £286 billion. It is interesting ... this is less than the total net worth of the worlds 21 richest individuals. > In 1999, $128 million was transferred from the poorest countries to the richest for debt repayments - EACH DAY. Of this, $53 million was from East Asia and the Pacific, $38 million from South Asia and $23 million from Africa. > Canceling the debts of all 52 Jubilee 2000 countries would only cost one penny a day for each person in the industrialized world for 20 years. And now this. https://youtube/watch?v=XcGh1Dex4Yo

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