Seeking Support for Debt Relief Legislation
Friday, August 7th, 2009Since the late 1990’s, debt relief amounting to well over $100 billion has been committed to 33 poor countries, mostly in Africa and Latin America. Countries receiving debt relief have increased substantially their spending for education, health care and other investments directed at improving the lives of poor and vulnerable people. The most recent success occurred on June 30 when Haiti, the poorest country in the Hemisphere, was granted $1.2 billion in debt cancellation by the major international financial institutions. Much of the tremendous progress that has been achieved in the past decade is due to the efforts of Catholics and other faith-based advocates in the United States and around the world.
(more…)




Help us spread the word of CRS: Join our growing online communities, find us on: