[From the release:]
The postponement has come about at the request of Canada, because Canadian
mineral firm First Quantum is in dispute with the government of DRC over mineral
Nick Dearden from Jubilee Debt Campaign said:
“It is utterly outrageous that Canada is holding up poverty relief to one of the poorest countries in the world in order to protect its own corporate interests.
“The history of DRC is a woeful tale of exploitation; that a country of such immense natural wealth has become the seventh poorest country in the world is a terrible indictment of our economic system. It’s time we owned up to that history and – on the 50th anniversary of Congo’s independence, finally allowed DRC to control its own resources and destiny.
“The experience of DRC also goes to show that debt relief schemes are still operating in the interests of the ‘creditors’. DRC has spent years shelling out tens of millions of dollars in debt ‘repayments’ while also implementing economic conditions which make its economy more attractive and ‘safe’ for foreign investors. This is not most
people’s idea of ‘debt cancellation’.” Read the whole press release.