Though World Bank President Paul Wolfowitz has said 42 countries will benefit from the (Group of 8) G-8 nations debt deal, the fine print of the World Bank's plan to implement debt cancellation means that beyond an initial 17 nations, any additional countries will have to wait at a minimum until mid-2007 - a full two years after the G-8 Summit in Gleneagles - for their debts to be cancelled to the World Bank. These countries will have to keep paying their debts in the meantime even after they reach the completion point - and these payments are non-refundable. Some nations, like Haiti, will have to wait until 2009. This is unacceptable.
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