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Forum for the Future of Aid

Southern Voices for Change in the International Aid System Project

The Forum on the Future of Aid is an online community dedicated to research and opinions about how the international aid system currently works and where it should go next

organised by ODI

Multilateral debt: one step forward, how many back?

Source: CHOIKE

At the 2005 G8 Summit in Gleneagles, G8 leaders pledged to cancel US$ 40bn in debts owed by some of the world’s poorest and most heavily indebted nations. UK Prime Minister Tony Blair declared that the 2005 G8 Summit would become known as the "100% Summit". Almost 2 years later, how far has this promise been kept? How much debt did the G8 really cancel in Gleneagles?

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