0 the situation in which a bank or a government tells a person, a company, or a government that they do not have to pay back the money they owe: --
1 the situation when a foreign country is allowed to reduce or not pay back the money that it owes to a government or bank: --
Their concerns are obviously about money and about whether there is sufficient reform in the indebted countries to which debt relief has been granted.
At the review of the heavily indebted poor countries initiative, we are pushing for a much stronger link between debt relief and poverty reduction.
I know that in the past he has spoken expertly on debt relief in the context of the commercial banks.
We agreed that poverty reduction remains our central concern, and that we need to develop and strengthen the link between debt relief and poverty reduction.
The package makes a major change because we want debt relief in 2000, the millennium year.
That applies particularly to war crimes and debt relief, to which he rightly attaches such importance.
What will happen to increase the number of countries that will qualify for debt relief?
We are clear that debt relief is a necessary but not a sufficient condition for consistent poverty reduction.
