Tuesday, April 15, 2008

Jubilee Act passed by US Congress!

While there wasn't much progress on debt in one set of big buidings in Washington last weekend (the World Bank and the IMF's Spring Meetings largely ignored the issue), it was a different story across town in the US Congress. On Tuesday the Jubilee Act for Responsible Lending and Expanded Debt Cancellation - originally produced by our friends Jubilee USA - was considered by the House of Representatives and they voted to pass it!
It is really exciting that the bill has got this far and Jubilee USA have lobbied hard throughout. The bill now goes to the Senate for them to consider. If it became law, it would expand US debt cancellation, without harmful economic conditions, to the 67 poorest countries in the Global South. Find out more at Jubilee USA's website.

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