africa/global: 100% World Bank and IMF debt cancellation is possible, says report

A new report challenges the IMF and World Bank's assertion that they are unable to cancel 100% of the debts owed by the Heavily Indebted Poor Countries (HIPCs.) Using rigorous financial analysis, the paper shows that both the IMF and World Bank have ample resources to cancel all HIPC debt, and that this could be done without in any way jeopardising their normal operations, or threatening their credit ratings, says the report by Jubilee Research.