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Following Years of Protests, U.S. & G8 Nations Agree To Cancel Debt For 18 of the World's Poorest Countries
The agreement comes after years of protests by activist groups because the debt has economically crippled dozens of nations in Africa and Latin America. While the Jubilee Debt Campaign praised the move as a needed first step, it said there are more than 40 other nations that need total debt cancellation. [includes rush transcript]
