UNCTAD Urges Complete Africa Debt Write-Off
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Africa's debt must be completely written off if the continent is to have a chance of meeting international goals on reducing poverty, a United Nations body argued on Thursday.
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The Global Fund to fight AIDS, Tuberculosis and Malaria urged donors on Friday to pay up what they have pledged by the end of next month or risk seeing the United States cut short its contribution.
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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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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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HEILIGENDAMM, Germany  - World powers on Friday pledged $60 billion to fight AIDS and other killer diseases ravaging Africa but development campaigners complained the Group of Eight had pledged little fresh cash for the poor.
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MOSCOW, Jun 5 (IPS) - Long seen as funding the continent's wars and  doing little other than seeking out petroleum and mineral  resources, Russia is now looking to kick-start better trade  relations with Africa, and has made its first move by writing off  the majority of the continent's debt.
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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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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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DURBAN, South Africa  - Developing countries have pledged to band together to force the West to help tackle their problems, ranging from poverty to reform of the United Nations.
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The United States has erased over $ 4 billion of Iraqi foreign debt. It is also urging all other nations to join the effort to cancel the debt racked up under former Iraqi leader Saddam Hussein.
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The United Nations Conference on Trade and Development (UNCTAD) 2004 report on economic development in Africa has criticised the eligibility and debt sustainability criteria of the HIPC initiative, saying they are arbitrary and lacks objectivity.
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HEILIGENDAMM, Germany  - World powers on Friday pledged $60 billion to fight AIDS and other diseases ravaging Africa but development campaigners complained the Group of Eight had offered little fresh cash for the poor.
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World powers on Friday  pledged $60 billion to fight AIDS and other diseases ravaging  Africa but development campaigners complained the Group of  Eight had offered little fresh cash for the poor.
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European nations sought ways Monday to help finance development in Africa to tackle the poverty and violence that fuel illegal immigration to Europe.
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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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Chancellor Gordon Brown outlines his plans to increase aid to developing countries and eliminate debt owed by poorer nations
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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.