Halifax Initiative

Time is running out for international efforts to resolve the debt crisis
For Release: September 9, 1996

Time is running out for international efforts to resolve the debt crisis facing the poorest countries. At the end of September, Finance Ministers from around the world will gather at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank in hopes of finalizing a plan for debt reduction. At this late date, however, many key issues remain unresolved and the entire initiative could yet collapse.