Helping Impoverished Nations
I have led congressional efforts to cancel the debts of the world’s poorest countries so that they can use their limited resources to reduce poverty, build schools, improve health care, create jobs and make other investments to better the lives of their citizens instead of making burdensome debt and interest payments to rich nations and multilateral financial institutions.
Over the past ten years more than 20 of the world’s poorest countries have had their debts cancelled, and I have proposed making additional low-income countries eligible.
I have also introduced legislation to protect impoverished countries from lawsuits by “vulture funds’ – unscrupulous and exploitative investors who buy up debts of poor countries for pennies on the dollar and then sue to recover the original value of the debts plus interest.
More on Helping Impoverished Nations
Waters Statement on the Large Number of Nigerians Slaughtered in Baga by Boko Haram
WASHINGTON, D.C. – Congresswoman Maxine Waters issued the following statement today on the terrorist attacks in Baga, Borno of Nigeria by terrorist organization Boko Haram. Up to possibly 2,000 civilians were murdered over several days of violent attacks:
Waters Statement on the 5th Anniversary of the Haiti Earthquake
WASHINGTON, D.C. – Congresswoman Maxine Waters released a statement today on the fifth anniversary of the 2010 Haiti earthquake. Following the earthquake, Rep. Waters led the efforts in Congress to ensure the cancellation of Haiti's international debts and support free and fair elections. She also worked with her colleagues to address the cholera epidemic and provide oversight of the earthquake recovery funding.
Congresswoman Maxine Waters (D-CA), a long-time advocate for international human rights and assistance for impoverished nations, participated today in a hearing on "The Costs and Consequences of Dodd-Frank Section 1502: Impacts on America and the Congo." The hearing was held by the International Monetary Policy and Trade Subcommittee of the Financial Services Committee to consider proposed rules affecting imports of conflict minerals from the Democratic Republic of Congo (DRC). The Congresswoman submitted the following statement for the hearing record:
Congresswoman Maxine Waters (D-Calif.), a strong advocate for the Haitian people in the U.S. Congress, issued the following statement today to mark the second anniversary of the deadly 7.0 magnitude earthquake in Haiti:
Congresswoman Maxine Waters (CA-35) sent a letter to President Obama today, urging him to include debt cancellation for the world's poorest countries as part of his plan to achieve the United Nations' Millennium Development Goals (MDGs). The Congresswoman's letter was signed by 48 Members of Congress, including Rep. Barney Frank, the Chairman of the Financial Services Committee, and Rep. Michael Castle, a senior Republican member of the Financial Services Committee. Many of those who signed the letter are also cosponsors of the Jubilee Act (H.R.
Imagine that your family has barely enough money to scrape by. A school sits down the street, but fees make it too expensive for you and your siblings to attend—so you've never been able to go to school.
But then imagine that one day the government announces that it has cancelled those school fees. You can go to school. You finally have the chance to learn everything you wanted to know.