Third World Countries Owe $2 Bln in Non-performing Debt to Bulgaria - Official
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Bulgaria, which owes $9.3 billion in government foreign debt, has to collect some $2 billion of non-performing debts from Third World countries, an official said Thursday.
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Iraq will owe Russia between US$700 million (euro530 million) and US$1 billion (euro750 million) after the bulk of its debt is forgiven under a deal with international creditors, Finance Minister Alexei Kudrin was quoted as saying Monday.
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The government has pledged to provide greater debt relief for some of the world&#39;s poorest countries. It was announced on Sunday that the UK will write off its share of World Bank and African Development Bank
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Bulgaria in Brief: 7 December 2004, Tuesday. Half of the Bulgarian people have water bills pending, an official was cited as saying on Tuesday.
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Bulgaria's gross external debt on last Sept. 30 increased to EUR12 billion from EUR10.47 billion on last Dec.
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Britain will provide more debt relief for the world&#39;s poorest countries and challenge other rich governments to do the same, Prime Minister Tony Blair&#39;s government said Sunday.
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The World Bank approves $200m for infrastructure projects in Argentina, but  demands that the country complete restructuring its defaulted debt.
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Bulgaria is among the countries with lowest incomes according to a latest report on 42 nations by the Organisation for economic Co-operation and Development, the Sofia daily Sega said Wednesday.
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Bulgaria and Romania received an almost grudging green light to join next January.
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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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Britain is prepared to write off a portion of debts owed by poor nations, and will challenge other rich countries to do the same, officials said Saturday.
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Campaign groups welcomed a commitment by Britain to write off debts owed by the world's poorest nations to the World Bank, a move they said should pressure other Group of Seven rich countries to follow suit.
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BRITAIN today said it would unilaterally write off its share of debts owed to the World Bank by the world&#39;s poorest countries.
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Japan and the United Nations are providing 2.2 million dollars in aid to protect families and children displaced by internal conflict in Nepal, the Asian Development Bank said.
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The State Secretariat for Economic Affairs (Seco) said Switzerland had agreed to write off SFr264 million ($227 million) in debts dating back to the 1970s and 1980s.
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Iraq cleared around &#36;81 million in debt it owed the International Monetary Fund late last week, fund sources said on Monday, opening the way for the first aid to flow from the global lender to Iraq.
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Japan and the United Nations are providing 2.2 million dollars in aid to protect families and children displaced by internal conflict in Nepal, the Asian Development Bank said Monday.