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February 07, 2005

G7 provides hope for Burkina Faso debt relief

The result of the G7 finance ministers meeting in London is that 37 of the poorest countries in the world, including Burkina Faso, could have their debts cancelled. With the (now familiar?) exception of the US, the world's seven richest countries are committed to debt relief, and this has to be good news for Africa. The question of how to fund debt relief is still under discussion, but for the time being we should be ululating in the streets of Ouagadougou and designing 'Gordon Brown pour premier-ministre' banners.

Posted by sahelsteve at February 7, 2005 10:48 AM