Debt Arbitration
Whereas individuals and companies can declare bankruptcy, heavily indebted countries cannot. Civil society groups have proposed a fair and transparent arbitration process to provide a neutral forum for the resolution of an insolvency crisis and the determination of illegitimate debt.
Section Articles
Letter to Minister Goodale (January 2005)
On behalf of the Halifax Initiative Coalition and the Africa Canada Forum, a working group of the Canadian Council for International Cooperation, we call on you to recognize this moment and champion the unconditional cancellation of 100% of the multilateral debts owed by impoverished countries and set out a timetable for the provision of additional Official Development Assistance (ODA) to enable them to meet the Millennium Development Goals.
KAIROS Statement on Global Day of Action Against Debt Domination (December 2004)
A statement by KAIROS calling for multilateral debt relief, greater action on the part of G7 nations and recognition that odious and illegitimate debt should not have to be repaid.
Action Alert Archives - September 13, 2004
Please note that this coming month is a critical time for the campaign to cancel the debt of poor countries. We are asking you to take action to help make 100% debt cancellation a possibility for the poorest countries, with no conditions attached.
IMF, Bank Wrongly Take Credit for Poverty Drop
Global poverty has declined over the past 20 years but the successes are not in countries that have closely followed the advice of the World Bank and its sister institution the International Monetary Fund (IMF), a new study shows.
Brief to MPs regarding privatization tour
While in Ottawa, Richard Mokolo from South Africa and Sylvester Ejiofoh from Nigeria, met with some Members of Parliament to discuss the situation in Africa. This brief is a follow-up to the lively discussion.
Addressing Unsustainable and Illegitimate Debt
In Toronto, in February 2003, the Halifax Initiative hosted a discussion for Canadian NGOs, together with a representative from AFRODAD (African Debt and Development Network) and 50 Years is Enough, on illegitimate debt.
Finding Real Solutions to Unsustainable Debt (February 2003)
Report - Finding Real Solutions to Unsustainable Debt [PDF format]
Letter to PM calling on Lasting Legacy of Debt Cancellation - December 22, 2002
As the year 2002 draws to a close, it provides an opportunity for us, as Canadians, to reflect on the extent to which we have been successful in contributing to the creation of a better world in the emerging new millennium. The challenges are immense. The utter impoverishment of Africa, amid the current context of hunger and disease for millions of its people, has rightly been targeted for action by your government.
Letter to Canadian IMF Director on Proposed New Debt (December 2002)
Letter to Canadian IMF Director on Proposed New Debt Restructuring Mechanism: On December 18, the Board will discuss the IMF’s most recent version of an insolvency procedure for states, labelled the “Sovereign Debt Restructuring Mechanism” (SDRM).
May 8, 2002, Comment by Paul Martin and Response by HI
There's a better way - Globe and Mail, May 8, 2002(PDF file) [ The Globe and Mail ]
