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G8 reaches deal for world's poor
The world's eight richest countries have reached a debt relief deal to help the world's poorest nations.
The move provides relief for 18 nations, mostly in Africa, freeing up revenue for spending on health, education and development.
The agreement was announced at a meeting of G8 finance ministers in London on Saturday.
Britain, which will host a summit of G8 leaders next month, has vowed to make poverty reduction a priority.
The plan, which was devised by the UK, secured the backing of the US administration on Friday - paving the way for its adoption at the London meeting.
G8 reaches deal for world's poor
The world's eight richest countries have reached a debt relief deal to help the world's poorest nations.
The move provides relief for 18 nations, mostly in Africa, freeing up revenue for spending on health, education and development.
The agreement was announced at a meeting of G8 finance ministers in London on Saturday.
Britain, which will host a summit of G8 leaders next month, has vowed to make poverty reduction a priority.
The plan, which was devised by the UK, secured the backing of the US administration on Friday - paving the way for its adoption at the London meeting.
posted by phylos @ 14:02
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