The devil’s in the details, of course, but it looks like this will finally come true:
WASHINGTON (Reuters) - Eighteen of the poorest nations will have their debts to the International Monetary Fund wiped out after rich countries bridged differences on Saturday that threatened a pact first signed this summer.
Leaders of the Group of Eight nations pledged at a July meeting in Gleneagles, Scotland, to cancel all debt owed to the international institutions by the world’s poorest states, an agreement roughed out by their finance ministers the month before.
