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Unjust Debt Weighs Down Poor Nations In April, the U.S. House showed leadership in the fight against global poverty by passing the Jubilee Act for Responsible Lending and Expanded Debt Cancellation of 2008, which would extend lifesaving debt cancellation to more poor nations around the globe. Too many of the world's poor children needlessly starve or go without education because too many impoverished nations -- even after the laudable debt relief provided to date -- are still funneling scarce resources to multilateral banks instead of paying for needs at home.

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Unjust Debt Weighs Down Poor Nations

In April, the U.S. House showed leadership in the fight against global poverty by passing the Jubilee Act for Responsible Lending and Expanded Debt Cancellation of 2008, which would extend lifesaving debt cancellation to more poor nations around the globe.

Too many of the world's poor children needlessly starve or go without education because too many impoverished nations -- even after the laudable debt relief provided to date -- are still funneling scarce resources to multilateral banks instead of paying for needs at home.