{
    "success": true,
    "data": {
        "id": 1419373,
        "msgid": "debt-relief-for-poor-countries-1447893297",
        "date": "1999-06-28 00:00:00",
        "title": "Debt relief for poor countries",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "Debt relief for poor countries The leaders of the G-8 major countries waived all repayments of loans in official development assistance and largely increased the number of countries benefiting from the write-offs. Japan, a large creditor nation in yen loans, resisted the plan on the grounds that nations should repay their debts. But Japan's opposition was overcome by the drive waged by social democratic governments in Europe, which were backed by non-governmental organizations.",
        "content": "<p>Debt relief for poor countries<\/p>\n<p>The leaders of the G-8 major countries waived all repayments<br>\nof loans in official development assistance and largely increased<br>\nthe number of countries benefiting from the write-offs.<\/p>\n<p>Japan, a large creditor nation in yen loans, resisted the plan<br>\non the grounds that nations should repay their debts.<\/p>\n<p>But Japan's opposition was overcome by the drive waged by<br>\nsocial democratic governments in Europe, which were backed by<br>\nnon-governmental organizations.<\/p>\n<p>Larger questions remain. How will poor countries take<br>\nadvantage of the reduction in their indebtedness and how will<br>\nthey invite capital in the private sector of their economies?<br>\nUnless such questions are discussed and answered, the write-offs<br>\ncould drain the debtor nations' self-reliance.<\/p>\n<p>-- The Asahi Shimbun, Tokyo<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/debt-relief-for-poor-countries-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}