G-8’s Loan Forgiveness in Selected Poor Nations Could Benefit Education

The announcement that the world’s richest countries will erase the foreign debt of 18 of the poorest could have a significant effect on education in the developing world, international development experts say.

The Group of Eight, or G-8, nations are cancelling loans to poor countries from the World Bank, International Monetary Fund, and African Development Bank.

Leaders of those countries—France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States, as well as the European Union—announced the debt relief in advance of last...