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	<title>Inter Press ServiceDEVELOPMENT-LATAM: More Voices Join Call for Cancellation of Debt</title>
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		<title>DEVELOPMENT-LATAM: More Voices Join Call for Cancellation of Debt</title>
		<link>https://www.ipsnews.net/1999/09/development-latam-more-voices-join-call-for-cancellation-of-debt/</link>
		<comments>https://www.ipsnews.net/1999/09/development-latam-more-voices-join-call-for-cancellation-of-debt/#respond</comments>
		<pubDate>Tue, 21 Sep 1999 00:00:00 +0000</pubDate>
		<dc:creator>IPS Correspondents</dc:creator>
				<category><![CDATA[Development & Aid]]></category>
		<category><![CDATA[Headlines]]></category>
		<category><![CDATA[Human Rights]]></category>
		<category><![CDATA[Latin America & the Caribbean]]></category>

		<guid isPermaLink="false">http://ipsnews.net/?p=67987</guid>
		<description><![CDATA[Pilar Franco]]></description>
		
			<content:encoded><![CDATA[<p><font color="#999999"><p class="wp-caption-text">Pilar Franco</p></font></p><p>By IPS Correspondents<br />MEXICO CITY, Sep 21 1999 (IPS) </p><p>Mexico&#8217;s Roman Catholic bishops launched a petition drive Tuesday as part of the international effort lobbying for debt relief for the world&#8217;s poorest countries.<br />
<span id="more-67987"></span><br />
The aim is to collect 10 million signatures beseeching the industrialised North and multilateral lending institutions to totally or partially forgive the debt held by the world&#8217;s poorest nations.</p>
<p>World-famous musicians like Britain&#8217;s David Bowie, Puerto Rico&#8217;s Willie Colón and Ireland&#8217;s Bono, meanwhile, announced a plan to ask Pope John Paul II to deliver to the World Bank and wealthy countries their request for debt relief for poor countries.</p>
<p>The request &#8220;might sound ingenuous, but perhaps Christian faith and the Pope&#8217;s moral influence will be able to move mountains in 2000,&#8221; Colón told the Mexican daily &#8216;La Jornada&#8217;.</p>
<p>&#8220;People are tired of political and diplomatic talk. I believe we artists can help win time&#8221; in the search for solutions to this serious problem, he added.</p>
<p>The foreign debt held by poor countries has accumulated as &#8220;a truly immoral business: profiting from poverty. Money was never lent to help the people, but rather to tie them to interest payments for life,&#8221; said the popular salsa singer.<br />
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The group of singers and songwriters, which includes U.S. show business personality Quincy Jones, proposes that highly indebted governments invest the amount owed in social services, said Colón.</p>
<p>He did not specify, however, when the group&#8217;s request would be delivered to the Pope.</p>
<p>Mexico, a country &#8220;which is not considered poor, but which nevertheless has areas where people live in the same conditions as in the world&#8217;s most marginalised regions,&#8221; has joined the efforts for a partial or total writing off of debt, said Catholic priest Alberto Athié.</p>
<p>Mexico, whose foreign debt stands at 165.3 billion dollars, was admitted to the Organisation for Economic Cooperation and Development (OECD) &#8211; which groups the world&#8217;s 29 most powerful countries &#8211; in 1994.</p>
<p>Latin America owes a combined total of 706 billion dollars to rich countries and multilateral bodies, according to Jubilee 2000, an international Catholic Church-based group lobbying for debt relief for poor countries.</p>
<p>Athié, the secretary of the Episcopate&#8217;s Social Pastoral Commission, said the signature drive undertaken by Mexico&#8217;s more than 100 Catholic bishops was pushing for an at least five percent reduction of the foreign debt owed by poor countries.</p>
<p>Like the musicians, the bishops recommend that the funds each country saves from the partial cancellation of its debt be channeled into social works.</p>
<p>Athié said the Mexican bishops&#8217; campaign would include national and international days of &#8220;reflection&#8221; on the problem of the debt and its social repercussions. The petition drive will end Oct 17, and the first National Social Week is scheduled for Oct 25-28.</p>
<p>The Week is part of the preparations for the celebration of the Catholic Church&#8217;s Jubilee 2000, and will draw representatives of the Vatican and the Latin American Episcopal Council to Mexico City, said Athié.</p>
<p>The Christian precepts promoted in the Jubilee specifically condemn usury and profiteering. Jubilee, celebrated every 50 years, is considered a year of rest for the earth and of freedom for human beings, when debts are to be cancelled, slaves released, and property returned to its rightful owner.</p>
<p>United Nations Secretary-General Kofi Annan has called for the elimination of the &#8220;catastrophic burden&#8221; that the foreign debt imposes on children and families in the world&#8217;s poorest nations.</p>
<p>The lives of at least seven million children could be saved annually if the debt of the 20 poorest countries were written off, according to the UN Development Programme (UNDP).</p>
<p>The region which bears the heaviest burden is sub-Saharan Africa, whose combined debt (excluding South Africa) totals 108 percent of gross domestic product (GDP). That proportion climbs to 366 percent in the case of Guinea-Bissau, says the UNDP.</p>
<p>Mexico&#8217;s Episcopal Conference is investigating the pockets of hunger and extreme poverty in this country, said Athié, who added that the results would be released shortly.</p>
<p>Poverty affects 70 percent of Mexico&#8217;s 98 million inhabitants, compared to 60 percent in the 1970s, according to non-governmental studies.</p>
		<p>Excerpt: </p>Pilar Franco]]></content:encoded>
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