The ultimate good will

A group of people in power have decided that money is not the most important thing on the planet:

LONDON, England -- Finance ministers from the world's wealthiest nations have agreed to a historic accord to cancel up to $55 billion worth of debt owed by the world's poorest nations.

The Group of Eight (G8) ministers -- meeting for a second day Saturday in London -- backed a deal that calls for an immediate scrapping of 100 percent of the debt owed by 18 countries.

Those countries -- many in sub-Saharan Africa -- owe about $40 billion to the World Bank, the International Monetary Fund and the African Development Bank.

The G8 ministers also said 20 other countries could be eligible for debt relief if they meet targets for good governance and tackling corruption -- bringing the total package to more than $55 billion.

British Finance Minister Gordon Brown called the accord a "new deal" for relations between the rich and the poor countries.

"What we have decided today, conscious of the poverty that we face, is a decision of 100 percent debt cancellation for the poorest countries backed up by greater trade justice, by a doubling of European aid, by a commitment to provide AIDS treatments for people by 2010," said Brown.

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I am in awe that this is happening in my lifetime, despite a 1st world culture of greed and gluttony.