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  • Sunday, February 12, 2006

    Surprise, surprise. G8 debt pledge not met

    From FT via Common Dreams:

    Group of Eight countries have so far failed to fulfil their high profile commitment to cancel all eligible heavily indebted poor countries’ debts to the Industrial Development Agency, the International Monetary Fund and the African Development Fund, according to a report by Toronto University.

    G8 countries have completed under half the policy goals they set themselves at the Gleneagles summit last year, according to the interim report published ahead of this weekend's meeting of finance ministers in Moscow.


    In the six months since Tony Blair, George Bush and their G8 counterparts convened in Scotland, their governments have satisfied the 21 priority commitments they made at the meeting 47.3 per cent of the time, the university's G8 Research Group calculated.

    But on the issue of debt cancellation, which was the headline issue at the summit, all eight countries were awarded the lowest score of zero.


    At 2/12/2006 08:52:00 am, Blogger Truth Seeker said...

    Absolutely typical, so called "civilised societies" promise to do something, then fail to do waht they promised.


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