Vive Le Canada

Canada Wipes Out African Debts

Posted on Thursday, September 23 at 09:55 by drcaleb
"The relief provided today will enable these countries to spend more on priorities such as health and education, rather than debt payments." Canada has previously forgiven the debts of Benin, Guyana and Bolivia. Full Story: http://www.cbc.ca/story/canada/national/2004/09/22/debt_goodale040922.html http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=66449

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  1. by avatar Action-Jackson
    Thu Sep 23, 2004 5:28 pm
    Wow. A whole 9 million dollars. This is just a feel-good press release on the part of Paul Martin.

    ---
    If you don't like these ideas, I've got others. --Marshall McLuhan

  2. by avatar Tristan
    Thu Sep 23, 2004 5:56 pm
    This srikes me as quite positive - provided they live up to the promise
    and wipe out the rest.

  3. by avatar whelan costen
    Thu Sep 23, 2004 6:01 pm
    I know it makes Martin look good, but it also looks good for Canada because it is good, the debt is crippling these struggling nations, I hope many others follow our lead.

    ---
    If I stand for my country today...will my country be here to stand for me tomorrow?

  4. by Dave Ruston
    Fri Sep 24, 2004 3:34 am
    Yeah, I think this is a good thing too.

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    Dave Ruston

  5. by avatar Scape
    Fri Sep 24, 2004 12:14 pm
    1.1 Billion. Money talks.

  6. by harrisp
    Fri Sep 24, 2004 10:34 pm
    I agree it's a good thing, even if it is only small and only a start.

    Paul Harris

  7. by avatar Action-Jackson
    Sat Sep 25, 2004 7:16 am
    9 million could pay off the debt of 360 students in Canada (at $25,000 per student). 1.1 billion could pay off the debt of 44,000 students. Will that happen? Not bloody likely. Call me cynical, but I don't think the 1.1 billion is going to the Africans. If it does, it'll be tied to conditions like accepting genetically modified canola or more privatization. I just don't trust Martin.`

    ---
    If you don't like these ideas, I've got others. --Marshall McLuhan

  8. by Dave Ruston
    Sat Sep 25, 2004 4:08 pm
    Yeah, good point, Jackson!

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    Dave Ruston

  9. by RPW
    Sun Sep 26, 2004 4:52 pm
    Problem being, WILL the money actually wipe out the debts? Or will it end up in some few pockets, and the debts continue? Or will "new debts" inevitably appear, as resources are siphoned out of these countries, bypassing the general citizenry as always?

    It may make us feel good; it may be the "right thing to do"; but will it accomplish anything where it counts - in the pockets of the average citizen?

    ---
    RickW

  10. by RPW
    Sun Sep 26, 2004 4:55 pm
    <i>"I just don't trust Martin."</i> <p>And rightly so...........he has a documented reputation of providing much "sizzle" - but very little "steak". </p> <p>---<br>RickW



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