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/ 16 May 2008

West urged to cancel $400bn of poor countries’ debt

A further -billion of debt relief for the world’s poorest countries is needed despite a decade of progress, the Jubilee Debt Campaign warns on Friday. The group’s latest report calls on the G8, World Bank and International Monetary Fund to cancel -billionn of debt, which it says is ”unpayable” and an obstacle to the battle against global poverty.