Debt in the Global South
past 30 years, countries in the global South have borrowed large sums of money
from international lending institutions, governments of industrialized
countries, and commercial banks. In many cases, these investments failed to
create the economic development and revenue that planners envisioned.
Nonetheless, developing countries continue to repay these debts. For many
years, debt repayments to the global North have exceeded the flow of new
investments, loans, and grants to the global South. Debt relief - Jubilee - has
become an important aspect of justice for countries in the global South.
UCC General Synod Resolutions and Pronouncements
Ending the stranglehold of debt on impoverished nations (General
Synod 22, 1999).
More information and ways to engage
Ms. Edith Rasell, Ph.D.
Minister for Economic Justice
700 Prospect Ave.
Cleveland, Ohio 44115