TSUNAMI IMPACT:  French Propose Debt Relief
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PARIS, Jan 4 (IPS) - French President Jacques Chirac has called for a  moratorium on repayment of foreign debt for countries hit by the  tsunami.
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The International Monetary Fund is to offer up to $1bn in financial assistance to each nation affected by the Asian tsunami.
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PARIS -- Rich creditor nations offered yesterday to let tsunami-hit countries halt repayments on billions of dollars of debt, possibly for as long as a year, the chairman of the Paris Club said.
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BANDA ACEH, Indonesia  - Rich creditor nations  threw a lifeline to the millions of survivors of the Asian  tsunami by agreeing on Wednesday to freeze debt repayments  across the affected region.
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The world has pledged about $500 million to help tsunami survivors, relying on lessons from past disasters to expedite relief.
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The Group of Seven major industrial nations agreed yesterday to allow tsunami-stricken countries to defer debt payments, a largely symbolic gesture but one that could boost broader debt-relief initiatives for poor nations later this year.
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The tsunami catastrophe in south Asia is likely to have wreaked economic damage of more than 10 billion euros ($13.6 billion), compounding what
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German Chancellor Gerhard Schroeder said the Paris Club of creditor nations should consider a debt moratorium for Indonesia and Somalia, two of the countries affected by the tsunami
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CREDITOR countries in the Club of Paris, which includes Australia, are to discuss public debt owed by countries hit by the quake disaster in Asia at a meeting planned in Paris for January 12, a source for the creditors said today.
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German Chancellor Gerhard Schroeder on Wednesday said he plans to call on the Paris Club of aid donor nations to initiate a debt moratorium for tsunami-hit Somalia and Indonesia.
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The G7 nations, led by the UK, agree to freeze debt repayments from countries hit by the Asian tsunami.
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The Paris Club is due to approve on  Wednesday a moratorium on debt repayment for countries hit by  the Asian tsunami disaster, French Finance Minister Herve  Gaymard said.
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The Paris Club of creditor states will  agree Wednesday to freeze debt repayments owed by countries hit  by the Asian tsunami, French Finance Minister Herve Gaymard  said.
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UNITED NATIONS -- In the three weeks since the Indian Ocean tsunami ripped up coastlines in Asia and Africa, the United Nations has credited more than 40 governments, the World Bank and the Asian Development Bank with unprecedented pledges of assistance valued at nearly $4 billion.
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French President Jacques Chirac on Monday urged his government to "mobilize all means" to help millions of stricken people in tsunami-hit Asian countries.
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UK chancellor Gordon Brown and the French finance minister propose G7 nations should give 100% debt relief to developing countries by the end of 2005.
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BRUSSELS, Jan 12 (IPS) - EU proposals to offer some trade concessions to  tsunami-hit countries do not go far enough, trade and development  experts say.