Britain outlines debt relief for world&#39;s poorest
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Britain plans to spend an extra Â£100 million (NZ$273.74 million) a year on debt relief for some of the world&#39;s poorest countries, the Guardian newspaper reported today.
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The UK is to pay off 10 percent of the money owed by the world&#39;s poorest countries to the World Bank and the African Development Bank in an attempt to free them from &quot;the shackles of debt&quot;, British Finance Minister Gordon Brown was to announce today.
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Britain will seek Washington's support to help it achieve goals on global poverty reduction, debt relief and fair trade during London's G8 presidency next year, finance minister Gordon Brown said Wednesday.
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The world's richest nations are likely to agree to freeze debt repayments for countries devastated by the Indian Ocean tsunami, and some countries may have all or part of their debt written off, Britain's ...
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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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The International Monetary Fund will look into using its huge gold reserves to help finance debt relief for the world's poorest countries on the urging of the Group of Seven rich nations, ministers said on 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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One of the biggest reasons that very poor countries can&#39;t provide decent education and health care is that they are stuck in a cycle of debt owed to the International Monetary Fund, the World Bank and regional development banks, much of it dating to the
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BRIGHTON, England  - Britain will provide more debt relief for the world's poorest countries and challenge other rich countries to do the same, Prime Minister Tony Blair's government said Sunday.
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U.S. Treasury Secretary John Snow repeated on Sunday the Bush administration would support complete debt relief for the poorest countries and said details of how to implement a plan could be worked out.
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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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WASHINGTON With public pledges and in private conversations, Britain managed over the weekend to move the United States closer to full forgiveness of the debts of the poorest countries during the annual meetings of the World Bank and the International
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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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The world's seven wealthiest nations said Saturday they were willing to take on up to 100 percent of the debt owed by some of the poorest countries. But they failed to agree on a British plan to boost international aid by &#36;50 billion a year.
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Proposals to help poor countries work their own way out of debt are being published by a Tory policy group.
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The Group of Seven wealthy nations on  Saturday pledged to help rid the world's poorest countries of  their crippling debt, launching a program that fell short of  the immediate action demanded by Africa.
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LONDON, Feb 2 (IPS) - Bold new proposals for debt relief for the poorest  countries will be put to the test at the G7 finance ministers  summit in London this weekend.