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The formation of Jubilee 2000 was marked by the All African Council Of Churches in 1990 who called for a Year of Jubilee to cancel Africas debts 9 Jubilee 2000 is a global movement concerned with the 100 one off cancellation of the unpayable debts of the worlds poorest countries by the end of 2000 under a fair and transparent process1 From this it can be seen to be a radical movement that comprises of 65 countries committed to this cause In the UK the coalition is made up of over 160 organisations including aid agencies faith-based groups and unions In the UK this Coalition will disband at the end of the year2 Jubilee 2000 is funded by voluntary contributions from coalition members partners and Friends The campaign can be said to be peaceful and conducts its movement by peaceful protests and has obtained signatures to petitions all over the world The movement is not concerned with cancelling the debt altogether it is just campaigning to getting the debt down to a level where payments can be made and doesnt divert money away from basic life-saving health care The UN estimates that if funds were diverted back into health and education from debt repayment the lives of seven million children a year could be saved5 By June 1999 the campaign was successful in collecting more than 17 million petition signatures from 120 countries and established campaigning groups in over 60 countries This is evidence that the campaign is made a big impact and has achieved significant amount in comparison to other campaigns in the past Efforts has been made since the 1980s but have met with little success The main initiative by the International community was the Heavily Indebted Poor Countries HIPC Initiative This provides a useful framework for reducing debts to a sustainable level However in order to qualify for debt relief countries have to consistently meet rigorous economic
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