Argument: Debt cancellation has proven effective at reducing poverty
"Expanded Debt Cancellation: A Key Tool to Fight Global Poverty". Jubilee USA Network. January 2008 - "Debt cancellation now has a ten-year record of success. We now know that debt relief — together with development assistance and trade policy — is one of several critical tools with which to fight global poverty. The debt cancellation provided to date means impoverished nations are saving $2 billion a year in debt service payments. Debt relief works."