KAIROS urges Canada to speak up for debt cancellation
KAIROS has written an open letter to Minister of Finance, Chrystia Freeland, calling on Canada to use its privileged position in the G20 and the international financial institutions to urge for cancellation of debt. The letter was sent in advance of the G20 Ministers meeting, to be held on Nov 13.
Today, we write again to urge Canada to raise its voice in the G20 and the international financial institutions to advocate and act for cancellation of debt. During the Global Week of Action for Debt Cancellation (October 10-17), KAIROS and more than 560 other organizations in more than 90 countries urged governments and lending institutions to cancel debt as a means to enhance health care spending during the pandemic. A signed letter states that the debt problem “stands in the way of people’s survival, the fight against inequality, the realization of their human rights, sovereignty and the self-determination of peoples, economic, gender and ecological justice, and the pursuit of a dignified life.
Read Jim Hodgson’s blog Re-engaging on Global South debt cancellation in a just transition for more background on the current debt cancellation campaign.