UK writing off poor nations' debt
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Gordon Brown says the UK will write off its share of debts owed by the world's poorest countries to the World Bank.
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Aid from the UK is already helping in countries worst hit by the tsunami.
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Description: The world&#39;s economic leaders indicate support for the idea of forgiving the debt of the world&#39;s poorest countries.
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Not enough people are aware of a government fund to help the UK's poorest citizens, a report says.
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The Government is poised to divert an extra Â£100 pounds a year of financial aid relief to help some of the world&#39;s most impoverished countries deal with interest payments and perennial debt, according to press reports.
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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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17 December 2004 (NCA) -- The United States formally wrote off all of its $4.1 billion in Iraqi debt and urged other nations to follow the example.
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The World Bank promises to donate a record $3.5bn to the world's poorest countries as it cuts the charges on its loans.
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UK Chancellor Gordon Brown urges rich nations to act on poverty, as he offers foreign debt relief to Tanzania.
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Rich nations failed to agree at meetings this weekend on a plan for canceling the debts the world&#39;s poorest countries owe to the World Bank and International Monetary Fund.
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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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Chancellor Gordon Brown  outlines his plans to increase aid to developing countries and eliminate their debt.
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Millions of pounds of public money aimed at helping the most deprived areas of Wales is being sent back unused, it has emerged.
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British Chancellor of the Exchequer Gordon Brown appealed to IMF members to cancel up to 100 percent of the debt owed multilateral lending bodies by poor countries.
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Iraq cleared around $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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The Spanish government announced here Monday that it will write off 80 percent of Iraq's debt, or 482 million US dollars, to help rebuild the war-torn country.
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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.