Update 3: Economic Powers Vow Aid for Poor Nations
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Rich nations pledged an agreement soon on forgiving the debt burden weighing on poor nations in Africa, Latin America and Asia but remained divided on reducing billions of dollars of Iraqi debt.
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HEILIGENDAMM, Germany  - Leaders of the world's major powers will turn their attention to Africa on Friday and are widely expected to announce a $60 billion pledge to fight AIDS and other killer diseases.
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Secretary-General Kofi Annan said yesterday that the United Nations had received pledges of $500 million to pay for emergency assistance to victims of the south Asia earthquake and tsunami.
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Rich countries are likely to back Britain's bid to channel more debt relief and resources to Africa, which is ready to shake off the shackles of poverty, British finance minister Gordon Brown said.
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British Finance Minister Gordon Brown urged rich nations to provide extensive debt relief to developing countries to help them in their efforts to eradicate poverty.
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Chancellor Gordon Brown outlines his plans to increase aid to developing countries and eliminate debt owed by poorer nations
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The U.S. and top financial institutions indicated that they were closing in on an agreement to forgive the debts of many of the world's poorest countries.
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A major UN report on world poverty calls for a huge increase in development aid to the poorest countries.
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The initial aid pledges were generous, but governments will have to follow up on their word
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Wealthy countries need to do much more to fight global poverty, the international aid agency Oxfam says.
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The World Bank and member countries are moving to help poor nations tackle corruption, after months of discussions.
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The world&#39;s economic powers, which ended three days of meetings Sunday, insisted they are moving closer to a deal on debt relief for Iraq and other poor nations even though an agreement has proved elusive.
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The countries plan to raise at least $300 million next year to help pay for the treatment of children with AIDS, tuberculosis and malaria.
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LONDON -- The British government offered a sweeping plan yesterday for the Group of Seven nations to dramatically increase aid to the developing world and to forgive 100 percent of Africa's $70 billion in debt.
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World powers on Friday  pledged $60 billion to fight AIDS and other diseases ravaging  Africa but development campaigners complained the Group of  Eight had offered little fresh cash for the poor.
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HEILIGENDAMM, Germany  - World powers on Friday pledged $60 billion to fight AIDS and other diseases ravaging Africa but development campaigners complained the Group of Eight had offered little fresh cash for the poor.
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PARIS, Dec. 17 -- Countries and international organizations pledged $7.4 billion in assistance to the impoverished Palestinian Authority at a conference in Paris on Monday, saying that an infusion of cash would help the peace process begun by the United States last month in Annapolis, Md.