The Common Good
January-February 2000

Jubilee Progress

by Ryan Beiler | January-February 2000

On September 29 President Clinton announced that the administration would erase 100
percent of the debt owed to the United States by 30 heavily indebted poor countries.

On September 29 President Clinton announced that the administration would erase 100 percent of the debt owed to the United States by 30 heavily indebted poor countries. Much of the credit for this move goes to the grassroots efforts of the Jubilee 2000 movement for debt cancellation. Jubilee welcomed the pledge saying, "If the U.S. announcement has the intended effect and results in other major creditors matching this challenge, the impact in terms of new resources for poverty reduction could be significant."

Marie Dennis, chair of the Religious Task Force on the World Bank and IMF, echoed this sentiment, stating, "This is a welcome step, as it goes beyond any commitment the United States has made thus far."

While celebrating the victory, activists will continue to press for a just implementation of debt relief. "The real value of any debt cancellation is determined by how well it serves the needs of the poorest people," said Dennis, "and it will never be tested unless Congress sees fit to appropriate the necessary money."

Sojourners relies on the support of readers like you to sustain our message and ministry.

Related Stories

Like what you're reading? Get Sojourners E-Mail updates!

Sojourners Comment Community Covenant

I will express myself with civility, courtesy, and respect for every member of the Sojourners online community, especially toward those with whom I disagree, even if I feel disrespected by them. (Romans 12:17-21)

I will express my disagreements with other community members' ideas without insulting, mocking, or slandering them personally. (Matthew 5:22)

I will not exaggerate others' beliefs nor make unfounded prejudicial assumptions based on labels, categories, or stereotypes. I will always extend the benefit of the doubt. (Ephesians 4:29)

I will hold others accountable by clicking "report" on comments that violate these principles, based not on what ideas are expressed but on how they're expressed. (2 Thessalonians 3:13-15)

I understand that comments reported as abusive are reviewed by Sojourners staff and are subject to removal. Repeat offenders will be blocked from making further comments. (Proverbs 18:7)