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Econ 214 Christian Ethics Project 3

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1. What is the biblical basis for the Jubilee 2000’s call for the immediate canceling of the debts of all HIPCs?
The Biblical basis for the 2000s can be found in Proverbs 19:7. The jubilee calls for immediate canceling of all debts of HIPCs. This passage of the bible states that “He who is kind to the poor lends to the Lord, and He will reward him for what he has done”. Heavily impoverish countries were unable to accomplish financial stability so the more fortunate countries gave back to them in the form of erasing debt. According to Stapleford “the total GDP of the HIPC countries equal to seven-tenths of one percent of the GDP of the major multilateral lending nations”. (Stapleford, 2009) When doing the right thing is well within our means and there are responsible parameters so as not to “dump water onto the sand” (Stapleford, 2009) it is our Christian responsibility to do so.
2. What conditions do you believe should accompany debt relief to developing countries?

I believe that the conditions laid out by stapleford are responsible and sensible. 1) the spending of the funds saved are to benefit the poor resulting in programs for education, healthcare, infrastructure 2) Must not be at war with a neighboring country or persecuting any religious group or minority 3) A fair and balanced judicial system in place accompanied with a transparent government 4) Export diversification with guaranteed open markets with US and Europe. 5) Elimination of domestic price ceilings 6) Developed countries to invest in technologies if the HIPC country 7) Implement and enforce appropriate environmental policies and practices 8) Individually tailored programs for individual countries and cultures with realistic pay back plans. (Stapleford, 2009)
I believe that Stapleford encapsulated this mindset perfectly when he quoted Ronald Hoksbergen “we must

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