The G8 council is a council composed of the 8 wealthiest countries in the world. In 2006, they had a meeting to discuss various issues arising across the globe. One such issue was the rapidly falling economy of Mozambique. The council saw that if they allowed to economy to progress like that, the country would fall into a major recession, So they took action. They convinced the World Bank to eliminate Mozambique's international debt so that it could localize its economic endevours and pull out of the recession vortex it was spiraling into. This worked and Mozambique managed to pull back its economy and has maintained a fairly stable one ever since. The G8 council meeting really saved the day for Mozambique.