Debt campaigners welcome the decision of the Paris Club of creditors to cancel US$347 million of Togo's debt and impose a moratorium on remaining payments to these creditors until 2011.

For Zambia to be secure from the risk of high debts and poor management of debt resources, a comprehensive debt management strategy should be enforced a new report has said.

A new report from the World Bank and International Monetary Fund has revealed that ‘vulture funds’ and other commercial creditors are chasing a staggering $1.8 billion from some of the world’s poorest countries - after they have had debts cancelled by rich countries.

An alliance of sixteen faith community leaders and the chief executive of the British Humanist Association have sent a letter to Prime Minister Tony Blair, urging the government to take further decisive action on the “affront and injustice of international debt”.