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2005: G8 leaders agree $50bn aid boost
The G8 summit has ended with an agreement to boost aid for developing countries by $50bn (28.8bn).

The debt of the 18 poorest nations in Africa is also being cancelled.

On trade, there was a commitment to work towards cutting subsidies and tariffs.

On climate change, Prime Minister Tony Blair said an agreement had always been unlikely, but that the US now accepted global warming was an issue.

Kumi Naidoo, Chair of the Global Call to Action against Poverty, was disappointed. "The people have roared but the G8 has whispered," he said.

But Live 8 organiser Bob Geldof spoke of a "great day".

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G8 leaders
The leaders of the G8 summit pose together at the Gleneagles summit in Scotland

In Context
Rock singer and campaigner, Bob Geldof, organised a global concert ahead of the Gleneagles summit to highlight the problem of poverty in the developing world.

The Live 8 concert which was staged in 10 cities around the world on 2 July aimed to put pressure on the global leaders ahead of their G8 summit in Gleneagles.

The summit was overshadowed by the London bombings on 7 July. Four suicide bombers struck central London at the end of the morning rush-hour, killing 52 people and injuring 700.

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