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Commenting article: World's Richest Nations Write off USD 40 B of African Debts

Finance ministers from the Group of Eight industrialized nations agreed on Saturday to write off more than USD 40 B of African debts. British Finance Minister Gordon Brown said the deal would provide 100 percent write-offs "immediately" for 18 countries and that more countries would qualify for relief later. "This is the most comprehensive statement the finance ministers have ever made on debt and poverty," he told a news conference. "This is not a time for timidity, this is a time for boldness." The accord covered debts to international lending agencies such as the World Bank, African Development Bank and International Monetary Fund....
Calisto - 13 Oct 2013 // 02:53:59

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