A recent article from the BBC highlights whu cancelling African debt can benefit both parties invoolved. A useful piece, which you could use when evaluation debt cancellation as a development policy.
In May 2013, the Brazilian government announced that it plans to cancel or restructure almost $900m in debt owed by African countries. The move is designed mainly to expand Brazil's economic ties with Africa and fast forward the growth of trade and investment between emerging countries and regions. In the aftermath of this move, Brazil’s future aid assistance is likely to target infrastructure, agriculture and social programmes. Among the 12 countries set to benefit are Tanzania, oil-producing Republic of Congo and copper-rich Zambia. The Southern Silk Road continues to develop as new models of aid and trade are forged between the emerging fast growing countries of the world.
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