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Campaign to Cancel Africa's Debt
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 Africa's
over $200 billion debt burden is the single biggest obstacle
to the continent's development. Most of this debt is illegitimate,
having been incurred by despotic and unrepresentative regimes.
African countries spend almost $14 billion annually on debt
service, diverting resources from HIV/AIDS programs, education
and other important needs. The U.S. and other rich countries
have resisted calls to cancel this debt, instead proposing
partial solutions that are inadequate and impose harsh economic
policies on indebted countries. Africa Action’s Campaign
to Cancel Africa’s Debt mobilizes pressure on the
U.S. government to push for 100% debt cancellation for all
impoverished African countries without harmful conditions.
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What's New
Widespread Praise of Bush’s Africa Visit Ignores President’s Flawed Legacy
February 20, 2008
"As President Bush returns to the United States after his visit to Africa, Africa Action challenges the view that the Bush administration's policy toward Africa will leave behind the positive legacy of a 'compassionate conservative'..."
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Statement on the Successful Campaign to Clear Liberia’s Arrears
November 15, 2007
"Africa Action applauds activism that drove the International Monetary Fund to clear Liberia's arrears, paving the way for full debt cancellation..."
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Jubilee Act Vital for African Development
November 8, 2007
"In response to a Congressional hearing on the Jubilee Act, Africa Action urged the U.S. to support this legislation and prioritize comprehensive debt cancellation for African countries..."
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IMF Failing Liberia
October 21, 2007
"Africa Action, Jubilee USA Network and Eurodad condemn the IMF's failure to clear the arrears owed by Liberia to the Fund, denying Liberia access to vital debt cancellation..."
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Campaign to Cancel Africa's Debt
