Friday, July 8, 2005
G-8 Summit Results

Although the summit completed less than hoped, the leaders of the summit have agree to raise Aid to Africa from $25 billion to $50 billion. This new update along with their decision to elimination all debts owed by the world's poorest nations is tremendous news.

Excerpt:

"Aside from the massive increase in aid for the African continent, leaders signaled support for new deals on trade, canceled the debt of some of the world's poorest nations, pledged universal access to AIDS' treatment, committed to a peacekeeping force in Africa and heard African leaders promise to move toward democracies that follow the rule of law, he said."

(Source: Associated Press)

at July 08, 2005

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