--- title: "Meaning & Key Takeaway of: The merits of deeper debt cancellation…" description: "\"The merits of deeper debt cancellation, when accompanied by conditions of accountability and transparency on the part of recipient countries, have been..." image: "https://sms4smile.com/quotes/i/3eb/john-ricard-79217_accountability_the-merits-of-deeper-debt-cancellation-w_2344077.png" --- # The merits of deeper debt cancellation, when accompanied… ![“The merits of deeper debt cancellation, when accompanied by conditions of accountability and transparency on the part of recipient countries, have been shown to generate much needed resources for health, education and poverty reduction for some of the world's poorest people.” quote by John Ricard](https://sms4smile.com/quotes/i/3eb/john-ricard-79217_accountability_the-merits-of-deeper-debt-cancellation-w_2344077.png) [Download](https://sms4smile.com/quotes/i/3eb/john-ricard-79217_accountability_the-merits-of-deeper-debt-cancellation-w_2344077.png) [Open image](https://sms4smile.com/quotes/i/3eb/john-ricard-79217_accountability_the-merits-of-deeper-debt-cancellation-w_2344077.png) > “The merits of deeper debt cancellation, when accompanied by conditions of accountability and transparency on the part of recipient countries, have been shown to generate much needed resources for health, education and poverty reduction for some of the world's poorest people.” [John Ricard](https://sms4smile.com/quotes/author/john-ricard/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Debt cancellation with accountability can free resources for essential services, aiding the poorest. **In simple terms:** Conditional debt relief helps health, education, poverty. Key Takeaway Promote transparent debt relief. Themes economics development policy Mood hopeful serious Type policy analytical When to use this quote - government negotiations - NGO programs - community projects Key Concepts accountability transparency global health Questions to Reflect On - How ensure recipient accountability? - What safeguards prevent misuse? A Different Perspective Implementation may be politically resisted. ★ ★ ★ ★ ★ No ratings yet [Accountability](https://sms4smile.com/quotes/about/accountability/) [Cancellation](https://sms4smile.com/quotes/about/cancellation/) [Catholicism](https://sms4smile.com/quotes/about/catholicism/) [Conditions](https://sms4smile.com/quotes/about/conditions/) [Country](https://sms4smile.com/quotes/about/country/) [Debt](https://sms4smile.com/quotes/about/debt/) [Debt Cancellation](https://sms4smile.com/quotes/about/debt-cancellation-927322/) [Deeper](https://sms4smile.com/quotes/about/deeper/) [Deeper Debt](https://sms4smile.com/quotes/about/deeper-debt-360475/) [Education](https://sms4smile.com/quotes/about/education/) [Education And Poverty](https://sms4smile.com/quotes/about/education-and-poverty-219223/) [Has beens](https://sms4smile.com/quotes/about/has-beens/) [Health](https://sms4smile.com/quotes/about/health/) [Health education](https://sms4smile.com/quotes/about/health-education/) [Merit](https://sms4smile.com/quotes/about/merit/) [Needed](https://sms4smile.com/quotes/about/needed/) [People](https://sms4smile.com/quotes/about/people/) [Poorest](https://sms4smile.com/quotes/about/poorest/) [Poverty](https://sms4smile.com/quotes/about/poverty/) [Poverty reduction](https://sms4smile.com/quotes/about/poverty-reduction/) [Recipient Countries](https://sms4smile.com/quotes/about/recipient-countries-5684059/) [Reduction](https://sms4smile.com/quotes/about/reduction/) [Resources](https://sms4smile.com/quotes/about/resources/) [Transparency](https://sms4smile.com/quotes/about/transparency/) [World](https://sms4smile.com/quotes/about/world/) [World Poorest](https://sms4smile.com/quotes/about/world-poorest-1473468/) ## Related quotes > [The call for debt cancellation is welcome, but debt does not just go away.](https://sms4smile.com/quotes/noam-chomsky/the-call-for-debt-cancellation-is-welcome-but-debt-does-not-just-go/) [Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/) > [International lending banks need to focus on areas where private investment doesn't go, such as infrastructure projects, education and poverty relief.](https://sms4smile.com/quotes/joseph-stiglitz/international-lending-banks-need-to-focus-on-areas-where-private/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [Martin Luther King was bumped off unjustly, Adam Clayton Powell was bumped off unjustly, they took my title unjustly, they killed Megers Ever unjustly,…](https://sms4smile.com/quotes/muhammad-ali/martin-luther-king-was-bumped-off-unjustly-adam-clayton-powell-was/) [Muhammad Ali](https://sms4smile.com/quotes/author/muhammad-ali/) > [Sara Scherr and Jeff McNeely have given us a thoughtful, sensible book about a topic of great importance to the world. 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They are more involved in social and family policies,…](https://sms4smile.com/quotes/dalia-grybauskaite/women-are-more-focused-on-the-development-of-the-quality-of-life-in/) [Dalia Grybauskaite](https://sms4smile.com/quotes/author/dalia-grybauskaite/) > [Nature is our biggest ally in poverty reduction and achieving human welfare](https://sms4smile.com/quotes/tony-juniper/nature-is-our-biggest-ally-in-poverty-reduction-and-achieving-human/) [Tony Juniper](https://sms4smile.com/quotes/author/tony-juniper/) > [Creating large numbers of decent jobs for young people is critical for achieving overall development objectives, from poverty reduction to better health and education.](https://sms4smile.com/quotes/arancha-gonzalez/creating-large-numbers-of-decent-jobs-for-young-people-is-critical/) [Arancha Gonzalez](https://sms4smile.com/quotes/author/arancha-gonzalez/) > [Countries should think of Haiti not as a place where to do charity but a place where to invest and do business. And doing…](https://sms4smile.com/quotes/laurent-lamothe/countries-should-think-of-haiti-not-as-a-place-where-to-do-charity/) [Laurent Lamothe](https://sms4smile.com/quotes/author/laurent-lamothe/) > [We need to create jobs for 300,000 youth graduating from high school in the next three years. We need to produce growth so we…](https://sms4smile.com/quotes/ashraf-ghani/we-need-to-create-jobs-for-300-000-youth-graduating-from-high-school/) [Ashraf Ghani](https://sms4smile.com/quotes/author/ashraf-ghani/) > [For far too long the world's poorest people have seen no benefit from the vast natural resources in their own backyards. It is time…](https://sms4smile.com/quotes/nick-clegg/for-far-too-long-the-world-s-poorest-people-have-seen-no-benefit-from/) [Nick Clegg](https://sms4smile.com/quotes/author/nick-clegg/) > [Looking at these issues as a businessman, I believe that investing in the world's poorest people is the smartest way that our government spends…](https://sms4smile.com/quotes/bill-gates/looking-at-these-issues-as-a-businessman-i-believe-that-investing-in/) [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) > [Millions of people in the world's poorest countries remain enslaved by the chains of poverty. It is time to set them free.](https://sms4smile.com/quotes/nelson-mandela/millions-of-people-in-the-world-s-poorest-countries-remain-enslaved/) [Nelson Mandela](https://sms4smile.com/quotes/author/nelson-mandela/) ## More by John Ricard > [The Catholic community, with many others, has long worked for this new commitment on global health and debt relief (President George W. Bushs proposed…](https://sms4smile.com/quotes/john-ricard/the-catholic-community-with-many-others-has-long-worked-for-this-new/) [John Ricard](https://sms4smile.com/quotes/author/john-ricard/) > [Our efforts cannot and should not substitute for just public policies and effective programs to meet the needs of the hungry...Money, food, and time…](https://sms4smile.com/quotes/john-ricard/our-efforts-cannot-and-should-not-substitute-for-just-public-policies/) [John Ricard](https://sms4smile.com/quotes/author/john-ricard/) [Explore all 3 John Ricard quotes ](https://sms4smile.com/quotes/author/john-ricard/) ## More Accountability quotes > [Think of these things, whence you came, where you are going, and to whom you must account.](https://sms4smile.com/quotes/benjamin-franklin/think-of-these-things-whence-you-came-where-you-are-going-and-to-whom/) [Benjamin Franklin](https://sms4smile.com/quotes/author/benjamin-franklin/) > [In the battle for police reform, accountability and justice, Americans don't have to re-invent the wheel. 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When there is debate, there are solutions.…](https://sms4smile.com/quotes/atifete-jahjaga/democracy-must-be-built-through-open-societies-that-share-information/) [Atifete Jahjaga](https://sms4smile.com/quotes/author/atifete-jahjaga/) > [Democracy is not being well served as we're accustomed to. There is less information, there's less investigation, there's less analysis, there's less accountability.](https://sms4smile.com/quotes/edward-greenspon/democracy-is-not-being-well-served-as-we-re-accustomed-to-there-is/) [Edward Greenspon](https://sms4smile.com/quotes/author/edward-greenspon/) > [I come from a world where accountability and accomplishments matter, and where titles and rhetoric take a back seat to results.](https://sms4smile.com/quotes/carly-fiorina/i-come-from-a-world-where-accountability-and-accomplishments-matter/) [Carly Fiorina](https://sms4smile.com/quotes/author/carly-fiorina/) > [It means a lot. 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