That is why leaders of many faiths have joined Pope John Paul II in asking that developed nations do more to reduce the debt of the poorest nations. As the world's strongest economy, it is this great nation's moral imperative to extend the circle of prosperity and opportunity to those in need. To that end, I am pleased that we have reached an agreement with Congress to fund our participation in an international plan that will help lift the burden of debt from half a billion people in the world's poorest countries. Under this historic plan, the United States will forgive 100 percent of the debts owed to us by these countries, provided that they use the savings to address critical needs such as education, clean water, and health care, and to promote economic growth. I would like to extend my heartfelt thanks to the many people of faith who have worked so hard to help us reach this important agreement.
More work lies ahead, but it is an important first step.
Your faith and your leadership remind us of what we can do together to strengthen communities and expand the circle of opportunity around the world. On this last Thanksgiving of the 21st century, I hope we will join together in showing our gratitude not only for what we have, but for what we can do together to achieve a new century marked by peace and prosperity for all.