Badumile Duma

Although third world debt has long been recognized as a major obstacle to sustainable human development, poor countries are still paying money to rich countries and institutions at great cost to their domestic development. Responding to the gravity of the situation, 16 May 2007, World Debt Day, reminds us of the millions of people living in poverty as a result of unpayable world debt - notwithstanding the fact that poverty increases the power relations between the north and the south.