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Thursday, July 24, 2008
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Debt and Aid |
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ACTSA asks for more and better aid and the eradication of all apartheid-caused debts.
ACTSA believes that the UK, whilst working towards the donation of 0.7% national income being given in aid by 2008, must lead the way in increasing funding to the Global Fund to fight HIV/AIDS, TB and Malaria. Currently the UK only contributes 50% of its fair share to the fund. Meanwhile each year the deficit between what is required and what is achieved gets bigger.
In addition to facing the devastating problems caused by extreme poverty, Africa faces demands of over $10 billion in debts each year. However 70% of southern Africa's debt is the apartheid's legacy - $11 billion were borrowed to maintain the regime and over $17 billion to fight it. With these debts the devastation of apartheid lives on.
ACTSA is an active member of numerous coalition groups fighting for the eradication of debt and more and better aid. These include the Jubilee Debt Campaign (JDC), Stamp Out Poverty and the Stop AIDS Campaign (SAC).
Campaign News
Can Pay, Should Pay
Stamp Out Poverty campaigns for additional sources of finance to bridge the massive funding gap required to bring the world’s poorest people out of poverty.
Stamp Out poverty are a network of more than 50 UK organisations, trade unions and faith groups, including ACTSA, pioneering initiatives such as a stamp duty on sterling currency transactions, which can raise billions of pounds for international development.
Jon Snow from Channel 4 News introduces their new short film, Can Pay, Should Pay, about the campaign for a sterling stamp duty. You can watch the film here.
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Know More
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Action for Southern Africa - Peace, Justice, Solidarity Email:actsa@actsa.org Tel:020 3263 2001 Fax:020 7931 9398 231 Vauxhall Bridge Road London SW1V 1EH 'A satiworks website'
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