Finance meetings focusing on China, poor nation debt and Iraq
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The world&#39;s major economic powers were far apart Saturday on agreeing how to provide debt relief for Iraq and the poorest nations, as finance officials began broader discussions about the global economy.
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Global finance ministers gather in Washington for simultaneous meetings of the G7, World Bank and International Monetary Fund.
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World leaders gathering at the United Nations confront a depressing global agenda dominated by new terrorist threats, a humanitarian disaster in Sudan, turmoil in Iraq, and a growing gap between the richest and poorest inhabitants of planet Earth.
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Delegates from across Iraq gathered today in Baghdad at a three-day national conference intended to bring a taste of democratic debate to the country.
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A regional conference in Baghdad on Saturday aims to rally support behind the Iraqi government and map out ways to cooperate in easing the country's bloody conflict. But the participants are coming in with starkly different agendas. The session gathers diplomats from Iraq's Arab neighbors as well as Iran, Turkey, the United States and the four other permanent members of the U.N. Security Council.
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The masters of the world economy head to Washington this week for a historic gathering that will include China for the first time at a dinner after formal Group of Seven business concludes.
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China's senior policymakers are to convene soon for an important annual meeting in Beijing to map out the principles for China's economic plan for 2005, state media reported.
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Donor nations wrapped up a two-day meeting Thursday that Iraqi leaders hope will free up much-needed reconstruction funds that were pledged a
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The UK and other developed countries are meeting to plan ways to spend aid more effectively in poor countries.
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China announced with great flourish this week that it is forgiving debt owed by Iraq. But with the Iraqi president set to hold talks Friday with the Chinese premier, it was still unclear how much debt has been written off.
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The Paris Club of creditor nations on Saturday was debating a plan to write off as much as 80 percent of the debts Iraq owes them, a key step in the United States' push to ease the financial burden on the nation as it tries to rebuild.
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International donors that pledged  billions of dollars to rebuild Iraq meet in Tokyo this week as  the United States seeks outside help to stabilize the country.
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Inflation and recession add to the list of world issues on the agenda at the World Economic Forum.
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Japan will host a meeting of Group of Seven finance chiefs on February 9 in Tokyo to discuss challenges facing the global economy including fragile markets and high oil prices, Finance Minister Fukushiro Nukaga said on Friday.
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Saving world trade talks and bolstering   global financial systems against fiscal crises were the focus   of finance ministers of the United States, China and other   Pacific Rim economies meeting in Vietnam on Thursday.
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Secretary-General Ban Ki-moon plans to host a meeting Friday so the Iraqi government can brief U.N. member states on a five-year plan to ensure the government has funds to survive and enact key political and economic reforms.
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The annual meetings of the World Bank and the International Monetary Fund (IMF) in Washington later this week should be anything but routine.