Policy Brief: G8 and IMF Hinder Aid for Zambia While Vultures Attack (September 2007) - KAIROS

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This policy briefing from KAIROS - Canadian Ecumenical Justice Initiatives, a member of the Halifax Initiative Coalition, looks at the case of Zambia, and how it represents a prime example of an impoverished country betrayed by the failure of the Group of Eight to deliver promises of more aid and effective debt relief. This report chronicles how G8 promises of debt cancellation have been of little benefit to the poor due to a decline in Official Development Assistance and the International Monetary Fund’s obsession with low inflation and restrictive fiscal policies.