WASHINGTON -- February 1 -- Leading Debt Campaigners to Deliver Petition Signed by Thousands; Urge U.S. to Achieve 100% Debt Cancellation for Impoverished Countries
WHAT: A Visual Action and Petition Delivery at the Treasury Department
WHO: 12 leading debt campaigners, accompanied by debt cancellation
supporters, will deliver a petition signed by thousands to a
representative of the Treasury Department
WHEN: Tuesday, February 1, 2005 at 12:00pm
WHERE: In front of the U.S. Treasury Department, Pennsylvania Avenue & H
Street & 15th Streets
Ahead of the Group of 7 Finance Ministers meeting in London on February 5th, where debt cancellation for impoverished countries will be on the agenda, Africa Action and Jubilee USA Network will hold a visually striking action and petition delivery at the Treasury Department on Tuesday, February 1st. Leaders of the international movement for debt cancellation will urge the U.S. government to secure 100% debt cancellation for impoverished countries at the G7 meeting.
Tuesdays action will feature a dramatic presentation by leading debt campaigners of 12 reasons why debt cancellation must be definitive and must happen now. This will be followed by a delivery of a petition with 4,000 signatures to a representative of the Treasury Department, calling on Treasury Secretary Snow to negotiate a deal on 100% debt cancellation without harmful conditions.
The U.S. has claimed that it supports multilateral debt cancellation for 42 impoverished countries, to be paid for by the World Bank and International Monetary Fund (IMF), however it has recently indicated that it may accept a less definitive deal, as proposed by the U.K. or others, if it is considered to reduce debts to so-called "sustainable"
levels. The petition emphasizes the need for 100% debt cancellation for impoverished countries, because the debts are illegitimate and because no amount of debt can be sustainable to countries facing extreme poverty, HIV/AIDS and other urgent human development challenges.