Debt burden statistics are alarming. In Tanzania, the government spends nine times more on foreign debt payments than on health care. In Mozambique, one in four children dies before age five due to infectious disease, yet the government spends four times more on debt servicing than on health care. United Nations figures indicate that 19,000 children die each day of malnutrition and preventable disease in the world s most impoverished countries due to the burden of unjust foreign debt. Debt induced poverty leads to greater exploitation of natural resources, contributing to global warming and general environmental degradation Increase global security.
Debt creates social unrest and war.
Debt cancellation can make an immediate difference in the lives of those living in the world's poorest countries. In Uganda, resources freed as a result of debt cancellation combined with other sources have led primary school enrollment to double in just three years. In that way we both overcome this economic injustice and build up democracy from the grass roots. Jubilee is a time to apply self-righting mechanisms for restoring balance to society.