The issue of debt cancellation is not necessarily intuitive to everyone, so having someone like Monét around is truly valuable. Mónet started off having everyone do a role play, lending fake, paper money to each other, making the intricacies of debt relief much more tangible.

Then Monét walked through the Jubilee Act, and in doing so, helped to flesh out a lot of details about how the loans were lent, how conditionalities work and explaining odious and illegitimate debt.

I really recommend going through the sheets Monét handed out, which discuss:

-Which countries require debt cancellation in order for us to meet the Millennium Development Goals?

-How does debt cancellation work?
-Does the JUBILEE Act ensure that debt cancellation funds go to poverty reduction?
-How will the JUBILEE Act address odious and illegitimate debt?
-Why does the JUBILEE Act prohibit harmful economic conditions attached to the debt cancellation?
-How will we pay for this expanded debt cancellation?
-What can Congress do in 2007?

-Jubilee Act Summary

-Jubilee Act FAQ

This entry was posted on Saturday, March 31st, 2007 at 1:00 pm and is filed under The ONE Blog. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.