08/07/2005

G8 leaders agree $50 billion aid deal for Africa

Prime Minister Tony Blair has announced that G8 leaders have agreed a $50 billion aid plan for Africa.

The G8 leaders also agreed to provide extra resources for Africa’s peacekeeping forces, cancel the debt of the poorest nations, improve health and education and provide more help to tackle the problem of HIV/AIDS.

Mr Blair said that agreements reached during the summit “would not change the world tomorrow – it is a beginning not an end”.

However, the Prime Minister said that he felt “significant progress” had been made on the major issues.

The G8 also agreed to provide $3 billion for the Palestinian Authority.

Mr Blair also said that a process had been agreed on the topic of climate change to initiate dialogue between the G8 countries and the emerging economies of the world to “slow down and then in time to reverse the rise in harmful greenhouse gas emissions".

The Prime Minister said that this dialogue would begin on November 1, with a meeting in Britain.

(KMcA/MB)


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