Paris Club Meets to Agree Tsunami Debt Freeze
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The Paris Club of creditor states will  agree Wednesday to freeze debt repayments owed by countries hit  by the Asian tsunami, French Finance Minister Herve Gaymard  said.
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French President Jacques Chirac told his government to push for the Paris Club of creditor nations to put a moratorium on debt payments owed by countries hit by tsunamis in southeast Asia.
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Officials from 40 countries meet to discuss ways of reviving tourism in areas hit by the Asian tsunami.
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The Paris Club is due to approve on  Wednesday a moratorium on debt repayment for countries hit by  the Asian tsunami disaster, French Finance Minister Herve  Gaymard said.
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Indonesia Thursday welcomed a German plan to propose a debt moratorium for the tsunami-hit country when the Paris Club of sovereign lenders next meets on Jan. 20 and hoped it would free up more funds for reconstruction.
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The Paris Club announced Sunday that its member countries agreed to cut 80 percent of the debts Iraq owes them and called on other creditors to follow suit.
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The Paris Club of creditor nations  reached an agreement on Wednesday to freeze debt repayments of  countries hit by the Asian tsunami to help them recover.
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PARIS, Jan 17 (IPS) - The richer nations have made much of the freeze  they have offered on debt repayments from tsunami-hit countries,  but many of the affected countries do not seem to want this  concession.
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US officials held a conference call yesterday to discuss ways to aid the south Asian countries inundated by the Indian Ocean tsunami.
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The international donors from 55 international organization and countries have gathered for two-days meeting in Tokyo. Approximately $14 billion were promised by foreign givers in last yearâs gathering in Madrid.
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Senior Indonesian officials and  separatist rebels, brought together by the tsunami that ravaged  Aceh province, met for the first time in nearly two years on  Friday to try to forge a deal to end 30 years of war.
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The representatives of the member countries of the Paris Club met from November 17 to November 21 and agreed with the representatives of the Republic of Iraq on a comprehensive debt treatment of the public external debt owed to them providing a total
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The Group of Seven major industrial nations agreed yesterday to allow tsunami-stricken countries to defer debt payments, a largely symbolic gesture but one that could boost broader debt-relief initiatives for poor nations later this year.
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Britain, which holds the presidency of the G8 bloc of leading industrialized nations, wants to reach agreement by mid-January on reducing the debt of the countries hit by the tsunami in Asia, the Financial Times reports.
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PARIS -- Rich creditor nations offered yesterday to let tsunami-hit countries halt repayments on billions of dollars of debt, possibly for as long as a year, the chairman of the Paris Club said.
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World leaders met on Thursday to discuss tsunami aid, the task's urgency underlined by a chilling warning that the death toll could double to about 300,000 unless action was taken this week to prevent disease.
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The Paris Club of creditor nations will agree Wednesday to freeze debt repayments of countries hit by the Asian tsunami, French Finance Minister Herve Gaymard said.