Responsible lending and borrowing: a hot topic

Release Date: 11-Apr-2008

At a Forum on Debt Sustainability in Washington DC on 9 April, Commonwealth Finance Ministers from 9 African nations urged the international community to carefully consider the proposals set out in Eurodad's Charter on Responsible Lending. Ministers recognised that prudent borrowing and lending practices required concerted action on the part of borrowers, lenders and the international community at large. They emphasised the need for lenders to act responsibly taking into account the future debt repayment capacities of borrowers and also to adhere to lending ethics..."