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Sustaining job creation and economic growth while maintaining manageable debt levels were among the principles that formed the basis of South Africa's Budget for 2009/10, Finance Minister Trevor Manuel told Parliament on Wednesday.
An agreement by the G8 industrialised countries to write off over US$40-billion in debt owed by 18 of the world's poorest nations - hailed as the biggest debt settlement the world has ever seen - has sparked optimism for growth and development in Africa.
Nelson Mandela and US President George Bush discussed the battle against Aids in Africa and ways to reduce developing country debt during a meeting at the White House in May.
President Thabo Mbeki has expressed confidence that the world's rich nations will implement the proposals contained in the ambitious Commission for Africa report released by British Prime Minister Tony Blair in London on Friday.