G8 leaders agree agreeably on debt relief agreement
read the article from Reuters
The G8 countries agreed to write-off at least 40b$ owed to the World Bank, the IMF, and the African Development Bank by at least 18 countries, mostly in Sub-Saharan Africa. This is a good thing. Like many good things, it makes me happy. To be sure, all things are criticizable to the criticism-inclined. We can question the conditions under which those loans were granted in the first place, and we must admit this is only one step towards the solution of this problem, but it is a very positive and hopeful step.
By the way, when did the G7+Russia become the G8? I missed the memo.
The G8 countries agreed to write-off at least 40b$ owed to the World Bank, the IMF, and the African Development Bank by at least 18 countries, mostly in Sub-Saharan Africa. This is a good thing. Like many good things, it makes me happy. To be sure, all things are criticizable to the criticism-inclined. We can question the conditions under which those loans were granted in the first place, and we must admit this is only one step towards the solution of this problem, but it is a very positive and hopeful step.
By the way, when did the G7+Russia become the G8? I missed the memo.
posted by DJH at 10:06 a.m.
3 Comments:
The G8 are GR8!
"Together as ONE, we have helped do something incredible!
This past Saturday, the U.S. joined together with other wealthy nations to free millions of people in some of the poorest countries from crushing debts. The finance ministers from the 'Group of Eight' or 'G8' nations agreed to write off billions of dollars of debt, and in return for cancellation, the qualifying countries will invest these savings in their own people-- to help with more schools, health clinics and wells.
Debt cancellation will quite literally save millions of lives-- but this deal was struck by only eight men huddling around a table.Eight menand the millions of us watching them, asking them to do the right thing.You called for this, with one voice, and they got it done.
The finance ministers' meeting was just a warm-up act, a down payment on an overall historic breakthrough. Let's keep up the positive pressure for the main event, when President Bush, Prime Minister Blair and the other G8 leaders meet on July 6:
Sign a letter to President Bush.
Ask for his support at the upcoming G8 meeting for a comprehensive debt-aid-trade deal for the people in the poorest countries.
If you've already signed, please take a minute to ask 3 friends and family members to sign on.
Whenever we add more voices we get louder and more powerful! With your help, we will be the generation that looked extreme poverty in the eye-- and said no more."
Also, DJH, you can get a ONE banner for your blog so readers can link and we can get more action like the one you posted.
Kuddos
Roy
Was ist das "ONE" banner?
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