«Il n‘y a pas un monde développé et un monde sous-développé, mais un seul monde mal développé»
SUB-COMMISSION ON THE PROMOTION AND PROTECTION OF HUMAN RIGHTS
57th session
25 July – 12 August 2005
[Excerpt from the declaration]
Last June, the G8 leaders announced with great fanfare that they were cancelling the debts of 18 heavily indebted poor countries (HIPCs) to the tune of 40 billion US dollars. This decision, which on the face of it has merit, nevertheless requires an analysis that takes account of the reality of the debt situation in poor countries.
