Jubilee Debt Coalition
Jubilee Debt Campaign (Drop The Debt) is a coalition of national organisations and local groups around the UK, calling for the unjust and unpayable debts of the poorest countries to be cancelled. It has also been known as Jubilee Debt Coalition and focuses on developing countries' debt.
The Coalition was formed as a successor organisation to the Jubilee 2000 Coalition. Many campaigners felt that it was necessary to continue working together to monitor the G8's promise to deliver $100 billion of debt relief at Cologne in 1999, and make further progress on the cancellation of the poorest countries' debts.
The name was chosen in 1995/1996, as preparations were gathering pace for the celebration of the millennium. The concept was that justice and poverty alleviation through the cancellation of debts would be a fitting celebration for the millennium. The concept of debt cancellation and celebration is linked to the Old Testament concept of Jubilee, which meant that every 50 years, people sold into slavery, or land sold due to bankruptcy, were redeemed.
- Seager, Ashley (16 May 2008). "West is urged to cancel further $400bn of poor countries' debt". The Guardian. Retrieved 2 March 2014.
- Gready, Paul (2004). Fighting for Human Rights. Routledge. p. 75. ISBN 0415312914.