Word: owing
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...built 32,000 new classrooms and hired 18,000 more teachers; and Uganda has filled schools like Kansiime's by abolishing tuition fees. But in Africa, such limited relief may not be enough. Despite $29 billion in write-offs so far, the countries in the hipc scheme still collectively owe an estimated $90 billion to Western countries and organizations like the World Bank and the International Monetary Fund. To many Ugandans, debt relief seems to be working. The hipc program cut Uganda's loan payments by up to $90 million a year. The resulting windfall was used to hire hundreds...
...good candidate for debt relief. In nations wracked by civil unrest, like Ivory Coast or the Central African Republic, there is no guarantee that the money will be wisely spent. And defaulters can drain a lot of resources away from other worthy recipients. Sudan is estimated to owe over $21 billion, $18 billion of which is in arrears, while Somalia has around $2.5 billion in debts and lacks a functioning government. "Countries that are most indebted are not necessarily the ones that have the best policies and institutional environment to best make use of aid," says an economist working...
...Also when and where you ate dinner last night. And what you’ve bought at the Coop, and what you’ve sold on E-Bay, and maybe a list of what books you’ve taken out from the library (and how much you owe in overdue fines on them). The list is endless...
...Guliani exclaimed in his speech, “Thank God that George Bush is our president.” My jaw dropped when he insisted that Bush’s reelection was somehow intimately tied to properly remembering the thousands who perished three years ago: “We owe that much and more to the loved ones and heroes that we lost on September 11,” he said...
Joel Stein's tribute to Julia Child, "Living Through Better Cooking," was right on the mark [Aug. 23]. I owe my passion for cooking in large part to this remarkable woman. I watched her regularly throughout her long television career, and I still refer to several of her books. My favorite is her masterpiece, The Way to Cook. At first, the definite article in the title seemed a bit presumptuous, but it was entirely appropriate. Millions draw on Child's expertise to prepare a better meal, a fitting tribute to a real national treasure and a friend we all shall...