Sherry Darling
New Yorker
From President Bush’s speech today at the UN…
Even with increased aid to fight disease and reform economies, many
nations are held back by another heavy challenge: the burden of debt. So
America and many nations have also acted to lift this burden that limits the
growth of developing economies, and holds millions of people in poverty.
Today poor countries with the heaviest debt burdens are receiving more
than 30 billion dollars in debt relief. And to prevent the build-up of future
debt, my country and other nations have agreed that international financial
institutions should increasingly provide new aid in the form of grants, rather
than loans. The G-8 agreed at Gleneagles to go further. To break the
lend-and-forgive cycle permanently, we agreed to cancel 100 percent of the
debt for the world's most heavily indebted nations. I call upon the World
Bank and IMF to finalize this historic agreement as soon as possible.
We will fight to lift the burden of poverty from places of suffering – not
just for a moment, but permanently.
Now let's see some ACTION, from him and other G8/Euro leaders. Apparently some non-G8 countries are really giving the historic deal the G8 came up with this summer a lot of trouble.
Even with increased aid to fight disease and reform economies, many
nations are held back by another heavy challenge: the burden of debt. So
America and many nations have also acted to lift this burden that limits the
growth of developing economies, and holds millions of people in poverty.
Today poor countries with the heaviest debt burdens are receiving more
than 30 billion dollars in debt relief. And to prevent the build-up of future
debt, my country and other nations have agreed that international financial
institutions should increasingly provide new aid in the form of grants, rather
than loans. The G-8 agreed at Gleneagles to go further. To break the
lend-and-forgive cycle permanently, we agreed to cancel 100 percent of the
debt for the world's most heavily indebted nations. I call upon the World
Bank and IMF to finalize this historic agreement as soon as possible.
We will fight to lift the burden of poverty from places of suffering – not
just for a moment, but permanently.
Now let's see some ACTION, from him and other G8/Euro leaders. Apparently some non-G8 countries are really giving the historic deal the G8 came up with this summer a lot of trouble.