How does the question of external debt figure in emergency situations?
The ‘unnatural disasters’ of the external debt crisis created by international financial institutions and our national governments is one of the biggest barriers to real improvement in the lives of the world’s poor. With one hand the international community provides aid and with the other demands it back many times over in payments on un-payable loans. The debt cycle and the policies that go with it leave countries without resources to fund basic services, like roads, health and education and without the power to determine their own futures. Churches have joined with millions around the world calling for immediate end to the international debt system.
