Press Release - October 5, 2004
Canadian Civil Society Groups Disappointed in G-7 Failure to Bridge Differences to Provide Debt Relief to the Poorest Countries.
Ottawa – Canadian civil society groups in the Halifax Initiative Coalition expressed disappointment with G-7 Finance Ministers for failing to show the political will to bridge differences and cancel the debts of the poorest countries, but highlight that 100% debt cancellation is now universally acknowledged to be necessary for the poorest countries.
"Even though it is a real disappointment, the momentum is building for full debt cancellation," says Derek MacCuish, Coordinator of the Social Justice Committee. "The G-7 has now recognized what civil society organizations in Canada and around the world have been saying for decades - that the debt of the poorest countries needs to be cancelled."