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The news that the G-8 finance ministers have agreed to cancel $40 billion of debt owed to international agencies by the world’s poorest nations is a sign of hope.

     The deal will cancel the debt burden for the world’s 18 poorest countries, most of them in Africa. Some of these countries include: Mozambique, Rwanda, Ghana, Uganda, Honduras, Mali, Niger, Tanzania, Bolivia, Burkina Faso, and Nicaragua.


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