G‑8 Finance Ministers met in London in June 2005 in preparation for the Gleneagles Summit in July and agreed to provide enough funds to the World Bank , IMF and the African Development Bank ( AfDB ) to cancel the remaining HIPC multilateral debt ( $ 40 to $ 55 billion ) . Recipients would theoretically re-channel debt payments to health and education
Gleneagles Summit
31st G8 summit
Millennium Development Goals