A look at Third World debt and the movement for its cancellation.
Producer: Andrew Zimmerman Uploaded by: Andrew Zimmerman
Program Date: October 23 2000 Summary: The poorest nations in the world, at least fifty countries by most counts, are so heavily in debt that they spend more on debt repayments than on food, medicine, and clothing for their people. As these heavily indebted countries struggle keep up with debt repayments, they are forced, by international financial institutions like the IMF, to divert even more money to debt repayments by reducing public sector jobs, and focusing on the production of exportable cash crops rather than food crops. The harsh terms of debt repayment programs drive millions of people to poverty and starvation. Because international financial institutions are controlled by industrialized western nations, there is a fundamental injustice of the poor paying the rich, and this is why there is a growing worldwide movement calling for the cancellation of the debts owed by underdeveloped nations to the west.
In this program we speak with members of two prominent groups working for third world debt cancellation. Jamie Drummond is a spokesperson for Jubilee 2000, based in London. Njoki Njehu is the Executive Director of the 50 Years Is Enough Network, from Washington DC, and Soren Ambrose is a Policy Analyst with the same group.
Bruderhof Radio is a production of the Bruderhof Communities, a Christian movement dedicated to nonviolence, communal living and justice. Members pool their time and talents, and share all goods and property in common. For more information about the Bruderhof Communities and Bruderhof Radio, call (800) 778-8461 ext 239, or email redzim@bruderhof.com, or visit www.freespeech.org/bruderhof
![<?php echo $config['site_title']; ?>](/static/images/rp-navimg.gif)
![Support the <?php echo $config['site_title']; ?>](/static/images/support.png)
