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Congresswoman Maxine Waters

Representing the 43rd District of California

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

August 3, 2009 Committee Remark
Markup of H.R. 2634, Jubilee Act
July 30, 2009 Press Release
CONGRESSWOMAN WATERS AND SEVENTY OTHER MEMBERS OF CONGRESS URGE TREASURY SECRETARY SNOW TO NEGOTIATE 100% DEBT CANCELLATION FOR POOR COUNTRIES
July 30, 2009 Press Release
CONGRESSWOMAN WATERS SAYS DEBT CANCELLATION FOR 18 COUNTRIES IS NOT ENOUGH; 36 CBC MEMBERS URGE THE BUSH ADMINISTRATION TO CANCEL POOR COUNTRY DEBTS
July 30, 2009 Press Release
Reps. Waters, Leach, Frank, Bachus and Maloney Commend President Bush for Agreement to Cancel Poor Country Debts
July 30, 2009 Press Release
Congresswoman Waters Commends G-8 Aid Package
July 30, 2009 Press Release
Congresswoman Waters Urges Complete Debt Cancellation for Liberia
July 30, 2009 Press Release
Congresswoman Waters Introduces Jubilee Act of 2007
July 30, 2009 Press Release
Congresswoman Waters Demands Transparency for Oil, Gas, and Mining Companies Operating in Resource-Rich Developing Countries
July 30, 2009 Press Release
Congresswoman Waters Calls for Poor Country Debt Cancellation at a Hearing on Her Legislation
July 30, 2009 Press Release
Congresswoman Waters and 21 Other Members of Congress Urge IMF to Cancel Liberia's Debts

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