The G-8 Debt Deal Has Several Flaws

Published June 29, 2005

With considerable fanfare, the Group of Eight (G-8) Finance Ministers announced a plan for multilateral debt cancellation on June 11. The deal promises 100 per cent cancellation of debts held by some multilateral creditors the IMF, World Bank and African Development Fund for 18 of the most impoverished countries that have completed a program of controversial economic reforms mandated by the institutions....

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