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This notice was posted on 20:16, 18 August 2006 (UTC).
"All that we had borrowed up to 1985 or 1986 was around $5 billion and we have paid about $16 billion yet we are still being told that we owe about $28 billion." -- President Obasanjo of Nigeria
Joeseph Stiglitz, a Nobel Prize-winning economist and former head economist at the World Bank is one of the vocal advocates of International debt relief. Many of his papers are here. Included among them are a discussion of some examples of the situations that have led to the current situation, and a recommendation for reform