Do the Deal: The G7 must act now to cancel poor country debts

Publication date

01 Feb 2005

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The poorest countries in the world pay $100 million dollars a day to their rich country creditors, more than they spend on health. Along with increasing aid and reforming trade, debt cancellation is an essential step towards ending poverty. As the G7 Finance Ministers convene in London for their first meeting of 2005 they must act to cancel debt as the first step towards making poverty history.