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version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/"> <channel><title>Debt Cancellation Is the right thing to do....</title> <description> The largest hurdle to economic recovery in Africa today is the overwhelming debt return.  In many African countries, including Morocco, a very large portion of the budget goes toward paying these huge and everlasting debts.  These are amount of money that could otherwise go to health care, education, housing and others.  while Common Sense says if you borrow money you have to repay it, Is it fair to ask these western countries to erase these debts today? My answer is YES, and for one main reason: I believe these banks and countries knew when they were flooding these poor countries with debts, that they were dealing with corrupt regimes who did nothing to promote any economic or social programs for their people, but redirected these money to their Suiss banks.
Is it right to burden Africa with these debts made by greedy bankers and corrupt regimes?</description><link>//en.yabiladi.com/topics/debt-cancellation-right-thing-44-604516-604516.html#msg-604516</link> <lastBuildDate>Thu, 04 Jun 2026 12:54:34 +0200</lastBuildDate> <generator>Phorum 5.2.15</generator> </channel> </rss>