UK&#39;s Brown Says No Agreement Reached on Poor Nations&#39; Debt
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UK Chancellor of the Exchequer Gordon Brown said no deal has been reached on how to clear the debts of the world&#39;s poorest nations, a debate that has divided the UK and US governments.
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Britain will use its presidency of the G8 industrialised nations to push for a modern day Marshall Plan delivering full debt relief, trade benefits and financial assistance for highly impoverished countries, Chancellor of the Exchequer Gordon Brown said.
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The world's richest nations are likely to agree to freeze debt repayments for nations devastated by the Indian Ocean tsunami, according to Britain's treasury chief.
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WASHINGTON - World finance leaders, struggling to find a way to help the world&#39;s poorest countries get out from under huge debts, did not reach agreement Saturday, but promised to devise a new plan by year&#39;s end.
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The International Monetary Fund appears to be unable to agree on a debt relief plan for the world's poorest nations.
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The world&#39;s richest nations need to show greater commitment towards Africa, British Prime Minister Tony Blair said Thursday, amid concern that pledges on aid and development were falling short.
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Chancellor Gordon Brown says rich countries have a 'moral duty' to tackle world poverty
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Chancellor of the Exchequer Gordon Brown said that finance ministers from the Group of Seven rich nations had for the first time expressed firm willingness to provide as much as 100 percent debt relief for the world's poorest countries.
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WASHINGTON - Finance officials failed to resolve their differences over debt relief for the world's poorest countries and Iraq while expressing concern about the impact high oil prices would have on a strengthening global economy.    The ministers and central bank governors attended weekend steering committee meetings of the International Monetary Fund and the World Bank before heading into a session involving all 184 member nations of the two lending organizations on Sunday, the final day of talks...
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Finance officials failed to resolve their differences over debt relief for the worldâs poorest countries and Iraq while expressing concern about the impact high oil prices would have on a strengthening global economy.
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Africa will miss key targets for reducing poverty by more than 100 years, says UK chancellor Gordon Brown.
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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.
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George Bush and Gordon Brown are heading for a dramatic showdown at the G7 summit in Washington this week over plans to write off developing countries&#39; debt.
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Britain's visiting Chancellor of the Exchequer Gordon Brown was set to sign a debt relief pact with Tanzania in a bid to jumpstart London's proposal for a "new Marshall plan" to help ease African nations' chronic poverty and help them fund development projects.
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Prime Minister Gordon Brown says "now" is not the time for an election - but fails to fully rule out a snap election.
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The United States and its major economic allies struggled yesterday to resolve deep differences over how best to relieve the heavy debt burden for Iraq and the world&#39;s poorest countries.
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Britain has decided to cancel Mozambique's total debt to it of 150 million dollars (114 million euros) to help the southern African country combat poverty, visiting Chancellor of the Exchequer Gordon Brown revealed.