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    • Member Info
      • Native Language:
      • German
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      • Germany
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      • Sweden

    • Join Date: Feb 2008
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    #1

    money made available

    Hi

    There is a picture of a small kid in Africa standing at the well and underneath there are words: A child collects water from a well built with money made available by debt relief.

    --- I understand that people in Africa were given some money, but why they were "available by debt relief"? I don't understand this part?

    • Member Info
      • Native Language:
      • American English
      • Home Country:
      • United States
      • Current Location:
      • United States

    • Join Date: Oct 2008
    • Posts: 907
    #2

    Re: money made available

    Quote Originally Posted by GUEST2008 View Post
    Hi

    There is a picture of a small kid in Africa standing at the well and underneath there are words: A child collects water from a well built with money made available by debt relief.

    --- I understand that people in Africa were given some money, but why they were "available by debt relief"? I don't understand this part?
    Debt relief is the forgiving of a debt by a lender nation. If Government A forgives (cancels) part or all of the debt it is owed by Government B, Government B can then use the money it would have had to use to pay back its debt to do other things, such as build wells (or schools, or hospitals, or roads, etc.).

    Best wishes,

    Petra

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