n IMFO : Official Journal of the Institute of Municipal Finance Officers - Debt forgiveness




Extracted from text ... IMFO ? Fall 2006 45 MORALLY SOUND The South African Government has in recent years been one of the forerunners, strongly advocating the cancellation of debt for the world's poorest nations. This it is said, needs a political will, as people are tired of political and diplomatic talk. Today, South Africans are facing the same challenges. Not only is the debt burden owing to Municipalities choking the life of the poor and needy, but also indebted indigents who are already in a deep spiral of indebtedness survival, are being encouraged to make arrangements for the repayment of the arrear debt. ..


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