At IMF, US bows to pressure to forgive debt
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WASHINGTON With public pledges and in private conversations, Britain managed to smoke out the United States and win its commitment to the full forgiveness of the debts of the poorest countries during the annual meetings of the World Bank and the
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The International Monetary Fund said on Thursday it expects to resume formal loan talks with Argentina following the completion of the country&#39;s delayed debt exchange deal with private creditors.
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THE administration of US President George W Bush will agree to write off the $US4.1 billion ($5.4 billion) worth of debt Iraq racked up during the regime of Saddam Hussein.
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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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President George W. Bush, facing pressure to trim a record US budget deficit, will combine a push to restructure Social Security with a call for spending discipline as he wraps up a two-day economic summit.
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The Fed joined with other central banks to ease pressure on the credit markets Wednesday.
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The US has written off on Friday all of its $4.1bn in Iraqi debt and called on other nations to follow suit. At a ceremony in Washington to mark the move, US Secretary of State Colin Powell hailed the move
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President Vladimir Putin told the chief of the International Monetary Fund on Thursday that Russia may pay off portions of its international debt earlier than initially planned. The IMF head, meanwhile, urged Putin to push ahead with reforms and rein in inflation while Russia's economy enjoys an oil-fueled economic boom.
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PARIS -- Major economic powers agreed yesterday to write off billions of dollars in Iraqi debt, a deal that marked a significant step in US efforts to help put that nation's economy back on its feet.
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Economic slowdown in the United States  will be significant and will last for some time, the head of  the International Monetary Fund said on Monday, calling for a  coordinated response to financial turmoil around the world.
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The International Monetary Fund (IMF), one of the most powerful architects of the world economy and controlled by the planet&#39;s wealthiest nations, has marked its return to US-occupied Iraq with a new loan of US$436 million.
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The International Monetary Fund took a first step yesterday toward retooling itself to reflect major changes in the global economy, agreeing to increase the power that several fast-growing countries have over its policies and promising to boost their clout more in the next two years.
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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 United States will try to convince more of Iraq&#39;s creditors to forgive the country&#39;s debt, Treasury Secretary John Snow said on Friday.
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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 US cancels all the debt owed to it by Iraq and calls on other countries to do the same.
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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