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Jubilee Debt Campaign
Debt Justice (formerly Jubilee Debt Campaign, Jubilee Debt Coalition and Drop The Debt) is a UK-based campaigning organisation that exists to end unjust developing countries' debt and the poverty and inequality it perpetuates. The organisation’s activities include campaigning, advocacy, community organising and activism and aims to build collective power with people most affected by debt to demand a fair economy for all. History The Coalition was formed as a successor organisation to the Jubilee 2000 Coalition. Many campaigners felt that it was necessary to continue working together to monitor the G8's promise to deliver $100 billion of debt relief at Cologne in 1999, and make further progress on the cancellation of the poorest countries' debts. The name was chosen in 1995/1996, as preparations were gathering pace for the celebration of the millennium. The concept was that justice and poverty alleviation through the cancellation of debts would be a fitting celebration f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Developing Countries' Debt
The debt of developing countries usually refers to the external debt incurred by governments of developing countries. There have been several historical episodes of governments of developing countries borrowing in quantities beyond their ability to repay. "Unpayable debt" is external debt with interest that exceeds what the country's politicians think they can collect from taxpayers, based on the nation's gross domestic product, thus preventing it from ever being repaid. The debt can result from many causes. Some of the high levels of debt were amassed following the 1973 oil crisis. Increases in oil prices forced many poorer nations' governments to borrow heavily to purchase politically essential supplies. At the same time, OPEC funds deposited and "recycled" through western banks provided a ready source of funds for loans. While a portion of borrowed funds went towards infrastructure and economic development financed by central governments, a portion was lost to corruption and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jubilee 2000
Jubilee 2000 was an international coalition movement in over 40 countries that called for cancellation of third world debt by the year 2000. This movement coincided with the Great Jubilee, the celebration of the year 2000 in the Roman Catholic Church, Catholic Church. The campaign has been generally hailed as very successful. As planned, the Jubilee 2000 Coalition dissolved at the end of the millennium year but left a legacy of organisations around the world. Concept The concept derived from the biblical idea of the year of Jubilee (Biblical), Jubilee, the 50th year. In the Jubilee Year as quoted in Leviticus, those Debtors' prison, enslaved because of debts are freed, lands lost because of debt are returned, and community torn by inequality is restored. It aimed to wipe out $90 billion of debt owed by the world's poorest nations, reducing the total to about $37 billion. The idea was first articulated by Martin Dent (academic), Martin Dent, a retired lecturer in politics at the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt Relief
Debt relief or debt cancellation is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. From antiquity through the 19th century, it refers to domestic debts, in particular agricultural debts and freeing of debt slaves. In World War I the United States Treasury made large loans to the allies that were postponed, reduced and finally paid off in 1953. In the late 20th century, it came to refer primarily to Third World debt, which started exploding with the Latin American debt crisis (Mexico 1983, etc.). In the early 21st century, it is of increased applicability to individuals in developed countries, due to credit bubbles and housing bubbles. International debt relief First World War reparations War debt payments by World War I Allies to the U.S. had been suspended in 1931—only Finland paid in full—and American public opinion demanded repayments resume as a condition of U.S. postwar aid. Germany had ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
25th G8 Summit
The 25th G8 Summit was held in Cologne, Germany, on June 18–20, 1999. The venue for this summit meeting was the Museum Ludwig in the central city.Japan, Ministry of Foreign Affairs (Japan), Ministry of Foreign Affairs (Ministry of Foreign Affairs (Japan), MOFA) Summit Meetings in the Past./ref> Overview The G8#History, Group of Seven (G8#History, G7) was an unofficial forum which brought together the heads of the richest industrialized countries: France, Germany, Italy, Japan, the United Kingdom, the United States and Canada starting in 1976. The G8, meeting for the first time in 1997, was formed with the addition of Russia.Saunders, Doug "Weight of the world too heavy for G8 shoulders," ''Globe and Mail'' (Toronto). July 5, 2008. In addition, the President of the European Commission has been formally included in summits since 1981.Reuters "Factbox: The Group of Eight: what is it?" July 3, 2008. The summits were not meant to be linked formally with wider international institut ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Old Testament
The Old Testament (often abbreviated OT) is the first division of the Christian biblical canon, which is based primarily upon the 24 books of the Hebrew Bible or Tanakh, a collection of ancient religious Hebrew writings by the Israelites. The second division of Christian Bibles is the New Testament, written in the Koine Greek language. The Old Testament consists of many distinct books by various authors produced over a period of centuries. Christians traditionally divide the Old Testament into four sections: the first five books or Pentateuch (corresponds to the Jewish Torah); the history books telling the history of the Israelites, from their conquest of Canaan to their defeat and exile in Babylon; the poetic and " Wisdom books" dealing, in various forms, with questions of good and evil in the world; and the books of the biblical prophets, warning of the consequences of turning away from God. The books that compose the Old Testament canon and their order and names differ b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jubilee (Biblical)
The Jubilee ( he, יובל ''yōḇel;'' Yiddish: ''yoyvl'') is the year at the end of seven cycles of ''shmita'' (Sabbatical years) and, according to biblical regulations, had a special impact on the ownership and management of land in the Land of Israel. According to the Book of Leviticus, Hebrew slaves and prisoners would be freed, debts would be forgiven, and the mercies of God would be particularly manifest. Rabbinic literature mentions a dispute between the Sages and Rabbi Yehuda over whether it was the 49th year (the last year of seven sabbatical cycles, referred to as the Sabbath's Sabbath), or whether it was the following (50th) year. The Jubilee ("Year of Release") deals largely with land, property, and property rights. The biblical rules concerning Sabbatical years are still observed by many religious Jews in Israel, but the regulations for the Jubilee year have not been observed for many centuries. According to the post-exile rabbinic interpretation of Torah, observa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jubilee USA Network
Jubilee USA Network is a nonprofit financial reform organization based in Washington D.C. Jubilee USA's work began in conjunction with the global Jubilee 2000 movement, founded in the late 1990s to advocate for debt relief for developing countries. It is "an alliance of more than 75 U.S. organizations, 650 faith communities and 50 Jubilee global partners." Origin and mission The name "Jubilee" is derived from the Biblical Jubilee in '' Leviticus'', a system of debt cancellation, land restoration and liberation from bondage embedded in a 7-year cycle. Jubilee USA is located in Washington D.C. and is a coalition of approximately 75 national religious and development organizations and about 400 communities of faith across the country. It describes its mission as "building an economy that serves, protects and promotes the participation of the most vulnerable". Advocacy Jubilee USA primarily advocates for financial reforms that argues to help impoverished communities. Those refo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Odious Debt
In international law, odious debt, also known as illegitimate debt, is a legal theory that says that the national debt incurred by a despotic regime should not be enforceable. Such debts are, thus, considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion. Despite antecedents dating back to the 1800s and support from diverse fields such as economics, philosophy, political science, history, and law, odious debt is not part of international law; in fact, " national or international tribunal has ever cited Odious Debt as grounds for invalidating a sovereign obligation."Mitu Gulati, Duke University School of Law; Ugo Panizza, The Graduate Institute Geneva and CEPR. The Hausmann-Gorky Effect. Working Paper No. HEIDWP02-2018. Graduate Institute of International and Development Studies, International Economics Department. Instead, internation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Development Charities Based In The United Kingdom
Development or developing may refer to: Arts *Development hell, when a project is stuck in development *Filmmaking, development phase, including finance and budgeting *Development (music), the process thematic material is reshaped *Photographic development * ''Development'' (album), a 2002 album by Nonpoint Business *Business development, a process of growing a business *Career development *Corporate development, a position in a business *Energy development, activities concentrated on obtaining energy from natural resources *Green development, a real estate concept that considers social and environmental impact of development *Land development, altering the landscape in any number of ways *Land development bank, a kind of bank in India *Leadership development *New product development *Organization development *Professional development *Real estate development *Research and development *Training and development *Fundraising, also called "development" Biology and medicine * Chil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
