[WSIS CS-Plenary] URGENT - Closure of the NGO ICTRC Office inTehran - Last call for signature (deadline: 24 September)

[yocads yocads]

  YOUTH FOR COMMUNITY ACADEMIC AND DEVELOPMENT SERVICES (YOCADS)
  PRESENTS 
  HISTORY ON THE DEBT CRISIS
  
  Unpayable Debt - A Debt is unpayable when paying the Debt prevent a government from meeting the need of its people.
  
  Western Banks lend our money in the 1970 irresponsibly to poor countries. The Banks lent money irresponsibly and immorally to leaders who wasted the money and abused the human right of their people. Some countries like Liberia, Guinea, Ivory Coast, South Africa and Nigeria. Western leaders chose to turn a blind eye to dictators as they saw in them a powerful ally in the fight against communism and to lent money to them. Money should never have been lent to such leaders. Liberia total external Debt is 3.7 Billion.
  
  Much of Liberia debt was build up by oppressive former rulers: Samuel Doe in the 1980s and Charles Taylor from 1989 - 2003, Liberia must pay off all the arrears of Debts that build up when it was not serving Debts during the civil war: This is around 1.5 Billion. 
  
      Nearly 80 percent of the Liberia population suffers from income poverty;
  There are 34 medical Doctors in Liberia;
  Only 4. 1 percents of the rural household have access to safe drinking water.
  Only 11% of the household have access to flushing toilets;
  64% of the household dispose of their human excrement in bushes, rivers, streams, ponds or a hole in the ground;
  80 percent high illiteracy rate;
  
  Zambia debt repayment to IMF alone cost 25 million, more than the country’s education, 40% of the rural women being enable to read and write.
  
  Most Debt relief is deliver through IMF and World Bank, IMF and World Bank are controlled by the rich countries so they set rules that poor countries to quality for Debt Relief. 
  
  To get Debt Relief, poor countries have to cut public spending- This means spending less on schools and hospitals. All across the developing world, schools and hospital have had to close because of IMF conditions. This is a disaster for people in poor countries, as it means that people have to start paying more for schooling and health.
  
  Open up their markets - This mean America and Europe protect their own produces by paying subsides (Extol money) to women in certain industries like farming, but insist that poor countries remove all their protective subsidies. As a result, local farmers cannot compare and go out of Business (poverty).
  
  Privatize their industries - This means that government stop running services like water and electricity. The people who are most likely to lose out from privatization are the poor.
  
  LIBERIA DEBT IS UNPAYABLE.
  
   
   
  Join YOCADS by calling for total Debt cancellation without any conditions and the realization of the Millennium Development Goals (MDGs) in Liberia.
  
  Contact: MR. ALPHONSO K. WEAH / EXECUTIVE DIRECTOR
  Cell: 05648081 / 06539342, Email: yocadsorg2003 at yahoo.com
  
  NOT TO BE SOLD.

       
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