June 10, 2005

US and Britain Give a Step Towards the Poor Nations

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According to the NYT, the US and Britain have agreed to back a project for debt relieaf and propose it in the upcoming meeting of the G8.

The plan would free 18 countries, most of which are in Africa, from any obligation to repay the estimated $16.7 billion they owe to international lenders. Among those countries is Bolivia.

Here is a link to an AP wire with more detail.