Jubilee
calls for a definitive cancellation of international debts and the
restoration of right relationships between nations. Our platform
specifically calls for:
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Definitive debt
cancellation of the international debt owed by countries
burdened with high levels of human need and environmental
distress which are unable to meet the basic needs of their
people or achieve a level of sustainable development that
ensures a decent quality of life;
-
Definitive debt
cancellation, in addition, of debts found to be illegitimate and
odious, wherever they exist, through a just and equitable
process not controlled by the creditors;
-
Definitive debt
cancellation that benefits countries’ impoverished majorities,
is accountable to them and advances their authentic
participation in determining the direction of their economies
and societies;
-
Definitive debt
cancellation that is not externally conditioned on economic
policy prescriptions, such as IMF-designed and imposed
Structural Adjustment Programs (SAPs);
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Acknowledgment
of the responsibility of both lenders and borrowers and action
to recover resources that were diverted by corrupt and
undemocratic regimes, institutions and individuals;
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The emergence
of global economic policies and trade rules that eradicate
poverty, promote sustainable human development, and prevent
recurring, destructive cycles of indebtedness.