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Exact(16)
It aimed to reduce the debts of countries that maintained good economic policies to a "sustainable" level.
One could blame the politicians in the debtor countries, but ejecting them from office or even jailing them, will not reduce the debts by one cent.
Moreover, they crow, over the past year the G7 countries have pledged to reduce the debts that HIPC countries owe them bilaterally by 100%.
On November 20th Hyundai promised to raise $1 billion by the end of this year to reduce the debts of its building subsidiary.
In fact Japanese firms have been in financial surplus since 1994, desperately trying to reduce the debts they built up during the bubble economy in the late 1980s.
One guide could be the "HIPC" initiative, the 1996 scheme where lenders agreed to reduce the debts of the most Heavily Indebted Poor Countries if they implemented reforms to reduce poverty.
Similar(43)
This money is to reduce the debt of our children".
Be sure to mark it "gift to reduce the debt held by the public".
But most of today's discussion revolved around the Republican proposal to reduce the debt.
And he said there was enough money available to cut taxes and reduce the debt.
It may all be meaningless, however, if Mr. Levin cannot reduce the debt.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com