UK&#39;s Brown to Provide $180 Mln for Debt Relief
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UK Chancellor of the Exchequer Gordon Brown pledged to spend 100 million pounds ($180 million) a year relieving the debts of 30 of the world&#39;s poorest nations, challenging the US to chip in as well.
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British Prime Minister Gordon Brown on Saturday confirmed receipt of a key report on the future financing of British bank Northern Rock, after claims its loans will be converted into bonds and sold.
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Gordon Brown announces the cancellation of the Â£80m debt owed to Britain by Mozambique.
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British Treasury chief Gordon Brown on Monday called on wealthy nations and international institutions to write off Africa's debt, saying debts incurred by past generations are keeping the continent poor.
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Britain is planning a new effort to help poor countries reduce their huge debts by offering to pay off 10 percent of the total owed to international agencies and challenging
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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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The Group of Seven wealthy nations  pledged to increase Third World debt relief on Saturday but a  deal struck after major disagreements fell short of proposals  floated by British finance minister Gordon Brown.
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Gordon Brown has told his European counterparts that the British budget rebate remains &quot;fully justified&quot;. Attending a meeting of EU finance ministers on Tuesday, the chancellor sought to head off French demands
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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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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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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.
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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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UK Chancellor Gordon Brown gave an upbeat assessment of the economy on Wednesday, pledging billions of pounds for schools as he prepared the ground to take over as prime minister in the next few months.
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A joint plan by five central banks aimed at easing the credit crunch in financial markets has been welcomed by UK Prime Minister Gordon Brown.
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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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UK Chancellor Gordon Brown urges rich nations to act on poverty, as he offers foreign debt relief to Tanzania.
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Chancellor of the Exchequer Gordon Brown unveiled a proposal to its partners in the Group of Eight most industrialised nations for an "immediate moratorium" on debt repayments from countries hit by the tsunami disaster in the Indian Ocean.