Debt Cancellation

GCAP's position on debt is clear – it should be cancelled non-selectively and unconditionally. The non-selectivity principle is a particularly important one. Indeed, the criteria for deciding that Uganda and not Kenya gets debt relief are entirely arbitrary and illogical. Given the paltry nature of the debt relief offered at the G8 – it leaves Africa with over $200bn of debt and annual repayment obligations far exceeding the scale of the debt relief – we cannot afford to take our eyes off the debt ball. The issue of debt is not so much what we demand but whom we address with what messages. GCAP demands

We call on donor Governments and International Institutions to:

___________________

PHOTO CREDIT: Damien du Toit