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New World Bank Chief, in Africa, Hails G8 Debt Plan
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(http://enews.voanews.com/t?ctl=DDAA30:3919ACA

Paul Wolfowitz arrives in Nigeria on African tour in which he will
focus on reducing poverty World Bank President Paul Wolfowitz arrived
in Nigeria Sunday on an African tour in which he will focus on
reducing poverty throughout the continent.

Mr. Wolfowitz traveled to Africa from London, where finance ministers
from the Group of Eight industrialized nations announced a plan
Saturday to cancel more than $40 billion in debts owed by 18 of the
world's poorest nations, most of them in Africa.

A reporter for Associated Press in Abuja, the Nigerian capital, says
Mr. Wolfowitz praised the successful outcome of the G8 meeting and
said the debt agreement is a very important development for the people
of Africa.

Mr. Wolfowitz, who took up his post as World Bank president less than
two weeks ago, has made reducing poverty in Africa a major priority of
the institution.

President Bush and other leaders of the G8 nations are expected to
formally approve the debt plan at a summit next month in Scotland.

Some information for this report provided by AFP and AP.


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