Wolfowitz praises deal to cancel debt of poor

New World Bank chief Paul Wolfowitz praised a historic deal to cancel the foreign debt of some of the world’s poorest nations today and said he was hopeful debt relief was also on the way for Africa’s biggest debtor, Nigeria.

Wolfowitz spoke to reporters soon after arriving in the Nigerian capital, Abuja, on the first leg of a four-nation Africa tour – his first since taking over as head of the 184-nation development bank last week.