Therefore the Jubilee campaign must lay the analytical and theological basis for sustainment beyond the year 2000 to include a redistribution of land which represents both wealth and the means to earn a livelihood. Current WB categorization of the Highly Indebted Poor Countries includes 41 countries yet on account of formulas used still excluded countries as poor as Haiti and Bangladesh from eligibility for official debt relief. This is not acceptable on either moral or strictly economic indicator terms. The discrepancies should be studied and addressed by the Churches. New character and dimensions of Finance Capital 3.
All conditionality is political in nature.
This being said, democratic conditionality is valid but it must be foremost be exercised as a right by the people itself. In this way the Jubilee celebrations would mark a new democratic beginning for the people beginning with their right to be consulted in regard to national indebtment. Given the power make-up and undemocratic nature of the IMF and the World Bank, these bodies are not qualified to establish the criteria of eligibility for debt cancellation. What is required is a broad based body, of governments and citizens organizations, North and South, that would act as a forum for creditors and borrower to work out the principles for eligibility, including human right consideration. This body could help ensure that savings from debt payments are used for social development.