We hope for comments, so that we reach sign an agreement as soon as possible on debt issue and move on International Development problem. We received Japan s suggestions for adjustments to be made in the proposal of the principles to be agreed on. We consider the points that Japan brought up valuable. Therefore we present a renewed version of the principles. The sustainable level of debt should be lowered.
Industrialized countries are willing to practice some form of debt forgiveness.
Debt forgiveness is organized together and debt is handled country specifically. Part of the debt could be considered to be paid in local products. New loans will be given in long-term maturities and fixed interest rates. Loans will not be given for military purposes or repaying debt. The loans will not be admitted without a good plan of the use of the money.