Debt Relief/Debt Cancellation

• Development assistance is only one component of what an effective partnership with poor countries should include.  Fairer trade rules and deeper debt relief also are essential to development countries' being able to climb out of poverty and hunger (Hunger Report 2004, Page 87) Cross Reference:  Trade and Development Assistance
  
  
• The industrialized countries and international financial institutions must provide substantially increased development financing, including debt relief, to poor countries that are making a serious effort to reduce hunger, poverty and disease (Hunger Report 2002, Page 84).  Cross Reference:  Development Assistance
  
  
• Bread for the World will urge Congress to continue funding for debt relief and provide a substantial increase in poverty-focused aid to Africa (Hunger Report 2001, Page 71).  Cross Reference:  Development Aid to Africa
  
  
• The United States and other Northern governments should cancel the bilateral debt of the poorest countries, and use their voice and vote in the international financial institutions to support cancellation of the multilateral debt of those countries (Hunger Report 2000, Page 58).

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