Cancel Third World Debt: Call-In to U.S. Treasury Secretary on June 7

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Call on President Bush and Treasury Secretary Snow to Wipe out Debt at the G-8 Summit! National Call-in Days ­ June 7 and June 29 The summit of the G-8 will take place in Scotland from July 6-8. Thanks to your efforts and campaigning over the years, additional debt cancellation is on the agenda of G-8 leaders. But nations have not yet reached an agreement, and a bold deal on debt is at risk of being replaced by a limited approach. The Bush administration needs to hear from you ON JUNE 7th. JUNE 7 - CALL TREASURY SECRETARY JOHN SNOW The G-7 Finance Ministers (including our own Treasury Secretary John Snow) will meet in London on June 10-11. TODAY, call Treasury Secretary John Snow at 202-622-1100. You may also send a FAX to 202-622-0073. When you call, ask that he:

  • Work with other G-7 Finance Ministers to agree on a deal for 100% cancellation of debts owed by impoverished nations to the World Bank, the IMF, and the African Development Fund.
  • It is critical that the IMF be included in a deal on debt as payments to the institution represent one third of debt service payment by poor nations over the next 5 years. Limited sale of IMF gold could be combined with IMF reform to finance cancellation.
  • The cancellation should include countries that are not part of the HIPC Initiative like Nigeria, Haiti, and Sri Lanka, and it should not be conditioned on harmful structural adjustment policies.
You can also SIGN an online letter to Treasury Secretary Snow on our website at http://www.afsc.org/africa/new-africa/activism/Action-Snow-Letter.htm and help us deliver thousands of letters to Secretary Snow on June 23rd as part of our National Africa Lobby Day. Contact us via email for more information at or visit our website at http://www.afsc.org/africa/new-africa/activism/Sutherland-lobby-day.htm.

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