
HIV/AIDS organizations estimate between $7.5 and $15 billion is needed to fight this pandemic. Instead, every year, Africa pays $13.5 billion in debt service.
230 million children lack access to clean water. While billions of dollars in debt payments tax the poorest countries, just $65 million could save these children’s lives.
After debt relief allowed the elimination of school fees in Tanzania, 1.5 million children returned to school almost overnight.
Poor countries need foreign currency to pay back their debts and in turn are forced to milk the earth's resources and cut back on environmental conservation.Debt cancellation through the groundbreaking legislation of the Jubilee Act will free up desperately needed resources for impoverished nations to fight HIV/AIDS, fund education, and provide clean water to their people.
In 2000, world leaders at the UN committed to the millennium development goals to alleviate global poverty. Full debt cancellation for impoverished countries can help to end the rise of global poverty in this generation.