Initiative to drop the (unpayable!) debt of the poorest countries. The IMF tries to make them pay by suggesting draconian measures to save money.
The cause gets some more attention thanks to people like Bono from U2 and Bob Geldof.
Summarized from their site http://www.dropthedebt.org:
At the end of 2000, a small relief on debt pay was permitted only to 22 poor countries. Even for the 'lucky' counties, this 'gesture' isn't enough: they still pay more on debt than they spend on health services.
Translation in plain English: People
die because of this
More had to be done so activists tried to bring the issue back on the agenda at the G8 meeting in Genoa (July 2001). Because the riots got all the media attention, this goal wasn't reached.