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The short explanation of this alert was:
Urge World Bank to Remove Deadly Delays to Debt Cancellation
Though World Bank President Paul Wolfowitz has said 42 countries will benefit from G-8 nations debt deal, the fine print of the World Bank’s plan to implement debt cancellation means that beyond an initial 17 nations, any additional countries will have to wait at a minimum until mid-2007 – a full two years after the G-8 Summit in Gleneagles – for their debts to be cancelled to the World Bank.
These countries will have to keep paying their debts in the meantime even after they reach the completion point – and these payments are non-refundable. Some nations, like Haiti, will have to wait until 2009. This just doesn't make sense.
Please send your email to World Bank President Paul Wolfowitz and U.S. Executive Director to the World Bank Robert Holland urging the World Bank to remove deadly delays to debt cancellation.
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