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From Genoa to World Bank/IMF Autumn Meetings: OneWorld online discussion on debt begins

PRESS RELEASE
For immediate release

18 July 2001

From Genoa to World Bank/IMF Autumn Meetings: OneWorld online discussion on debt begins

OneWorld www.oneworld.net, in partnership with Eurodad www.eurodad.org, has launched an online discussion at www.debtchannel.org, to help move international policy-makers beyond ‘debt fatigue’.

This OneWorld DebtChannel.org Discussion Forum will run from 18 July - 12 October and can be accessed at www.debtchannel.org.

“Our aim is to increase understanding of current issues for NGOs, policy-makers and interested citizens,” says Ted Van Hees, Eurodad Co-ordinator. “We want to map out the way ahead, allow contributors to bring in new ideas and re-animate the debt debate prior to the World Bank and IMF meetings in Washington. “

Under huge pressure from the Jubilee 2000 movement and the wider development community, government ministers as well as international financial institutions such as the World Bank and IMF have made commitments to reduce the external debt of many heavily indebted and poor countries.

However, according to debt campaign groups, these efforts have been insufficient. Many countries are still paying more on debt than what they spend on poverty reduction. Northern governments are now saying that they have done enough and do not see the need for further action.

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For more information contact:

Glen Tarman, OneWorld Publicity Manager,

t +44 (0)20 7735 2100 e media@oneworld.net

Notes:

OneWorld is a non-profit network that aims to harness the democratic potential of the Internet to promote sustainable development and human rights. Its website www.oneworld.net is the world's leading portal on global issues and a gateway to over 900 partner NGOs worldwide.
Eurodad is a network of non-governmental organisations (NGOs) in 16 European countries. It aims to coordinate the activities of NGOs working on the issues of Third World debt, structural adjustment, and financial markets in order to ensure that their views be brought to bear on decision-makers in Europe, the Bretton Woods Institutions and other relevant players.