Monday, October 22, 2007

HIPC Finance ministers call for action on vultures

Finance ministers from Ghana and Niger addressing a press conference

At their press conference on Sunday, finance ministers from the Highly Indebted Poor Countries called for action to improve debt relief mechanisms, tackle their countries' long-term 'debt sustainability' and help them to tackle poverty. In particular they urged that measures be taken to tackle vulture funds. The statements of the IMF on Saturday were fairly bland, expressing "concern" for the problem. As reported in today's Guardian, Jubilee Debt Campaign and others are calling for more concrete action to stop the vultures profiting from debt relief.

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