More aid needed though as the recent cancellation of 40b in debt was praised.

Indeed as this press release from the CADTM (Committee for the Abolition of the Third World Debt) says, much more must be done to truly help the poorest nations.
They have a whole list of criticism on the debt cancellation which should be considered carefully before we burst out into exuberance for the 3rd world.
Two of the more valid criticisms: "Only 5 % of the inhabitants of Developing Countries live in these 18 countries"
and "The financial burden of the operation on rich countries would amount to some 2 billion dollars a year, compared to 350 billion the G8 devote to farming subsidies or 700 billion they spend in military expenditure" meaning that clearly the G8 can afford to increase their foreign aid as well cancel more debt.