Debt Relief is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by heavily indebted and underdevelopedThird World nations. Debt relief is a heavily-championed cause among AIDS activists and humanitarian organizations because of the economic structural adjustment reforms, such as privatization of public utilities, imposed by the International Monetary Fund as a condition for monetary relief, and because, given runaway debt growth, governments of heavily-indebted countries often spend more money paying down spiralling interest than on social programs such as public health.
... January 26 - Ancel Keys, scientist
February 1 - S. J. Perelman[?], humorist, author
February 4 - MacKinlay Kantor[?], historian (+ 1977)
February 5 - Walter Gross[?], ...