This past weekend, 184 world leaders stood up and signed on to the G8 plan for 100% debt cancellation for 38 of the world's poorest countries. At Washington meetings of the World Bank and IMF, top officials agreed to a plan for up to $55 billion in debt cancellation, funding that will get kids in school, build health clinics and put clean water into more communities. 18 countries will be the first to benefit, and others will also in the near future.
What is debt cancellation? It means releasing poor countries from crushing debts, left over in many cases from loans stolen by corrupt dictators and negligent donors. It means honest leaders in some of the world's poorest countries will no longer have to choose between taking care of their people or repaying impossible debts. It means giving people the fresh start they need to create real opportunity and change lives.
From meetings in church basements to the millions who took part in the Live 8 concerts, over 1.5 million people around the world joined to demand real action on debt cancellation.
Would you like to invite a friend to be part of the next victory that makes a difference? Take a minute and ask them to join ONE today.
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