The Wire

Over the weekend, development lending agency The World Bank announced debt relief for some of the world’s most heavily indebted nations, also known as HIPC. The announcement, which following an earlier pledge of debt relief by the International Monetary fund, means that 18 of the world’s poorest nations will see $40 billion worth of debt wiped clean. While anti-poverty campaigners are hailing the move as a victory, critics believe the devil is in the detail. This look at the debt relief announcement begins with comments from Sammer Dossani, from non-government organization, 50 years is enough, which has long campaigned for the alleviation of all third world debt. He gave the Wire his reaction to the move.