The G8 Summit and New Deal for the Poor

The three-day summit of the G8 countries (the world’s most powerful nations) ended in Scotland with a new pledge on climate change and the dawn of a new era of aid to the world’s poorest nations.

Although details are sketchy, the decision signals a “new deal” for Africa on trade, access to AIDS medication, and the cancellation of debt for the poorest countries, most of which are in Sub-Saharan Africa.