Drop the Debt: Go Back to First Principles: A challenge to the G7
The G7's grand promise at Cologne - an enhanced HIPC that would deliver debt relief to 25 countries this year - has been left hanging. Only eight countries have begun to receive debt relief. IMF conditionality and an unnecessarily bureaucratic process has slowed debt relief to a trickle. Oxfam proposes a quicker, simpler way forward.