Press Release: Debt Relief: Commission warns against dilution of the Enhanced HIPC Initiative

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Series Details IP/00/779 (13.7.00)
Publication Date 13/07/2000
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On 11.7.00, United Nations Secretary-General Kofi Annan said it was time rich nations fulfilled promises of debt relief to poor countries. The European Commission shares the UN Secretary-General's concern that 40% of African public revenues are now being allocated to service debt: 'I agree this is clearly to the detriment of health, education and other essential social services', said Poul Nielson, European Commissioner for Development Co-operation and Humanitarian Aid.

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