Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


TEAR Fund Congratulates G7 for Debt Reduction Deal

TEAR Fund New Zealand

For Immediate Release: 13/06/05

TEAR Fund Congratulates G7 for Debt Reduction Deal, Warns More Must be Done

A decision to free 18 of the world's poorest countries from the shackles of debt is being hailed by aid organisation TEAR Fund New Zealand as a "historic action". However, TEAR Fund warns more must be done to eliminate poverty.

On Saturday the finance ministers of the G7 industrialised nations (the G8 minus Russia) struck a deal worth $US40 billion ($56.8 billion) to immediately cancel the debt of 18 developing nations, 14 of them in Africa. Another 20 countries are close to a deal to cancel their debt.

"G7 leaders are to be congratulated for taking this historic action. The next step is for all nations to fulfill their agreed obligation of ensuring that by the year 2015, 0.7 percent of Gross National Income goes to eliminating third world poverty," says TEAR Fund New Zealand's Executive Director Stephen Tollestrup.

"It should not be forgotten that behind this historic event has been the committed lobbying of ordinary citizens the world over. People can and do make a difference."


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>


Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news