Tuesday, September 27, 2005

Promises Kept

Im writing to share another victory in the fight against global poverty: This 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. This weekend's historic agreement is what it is all about: doing more to save lives in the poorest countries.

Now, your voice is more important than ever, because the work isn't done - we have to make sure the details are decided and promises become action. We must be watching as rich and poor countries work together to make sure the savings from debt cancellation are put to good use to help the world's poorest people. We're gaining momentum all the time - and helping to rebuild futures in Africa and around the world with every victory.

P.S. Visit the ONE.ORG blog to learn more about the deal and how debt cancellation fights extreme poverty and global AIDS.

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