Debt Relief Is Only a Small Step for Poor Africa
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CHIROMO, Malawi  - Malawi is $2.9 billion in debt  but the cash that was borrowed hasn't done Simao Aloni or his  home village of Chiromo any good.
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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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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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With Africa lagging behind in global development goals and rich countries cutting aid, leaders of multilateral financial institutions decided on Friday it was time to mobilize resources to reduce extreme poverty on the continent.
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THE worldâs leading finance officials and ministers yesterday failed to reach agreement on debt relief for the poorest nations. Wrapping up a weekend of IMF and World Bank talks in Washington, no agreement appeared to have been secured.
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Band Aid's intentions are good, but Africa needs more than just a Christmas jingle
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With Africa lagging behind in  global development goals and rich countries cutting aid,  leaders of multilateral financial institutions decided on  Friday it was time to mobilize resources to reduce extreme  poverty on the continent.
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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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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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American economist Jeffrey Sachs  has a novel way to tackle African poverty: Shower more aid on  the world's poorest continent.
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Britain will provide more debt relief for the world&#39;s poorest countries and challenge other rich countries to do the same, Prime Minister Tony Blair&#39;s government said Sunday.
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Finance ministers from the Group of Seven industrial nations said Saturday they were willing to provide up to 100 percent debt relief to the world's poorest nations, but insisted that developing countries ensure the money would be spent wisely.
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Loan forgiveness is finally becoming a reality -- and it will help. But more needs to be done to get the continent on the road to growth and make a dent in poverty
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Washington added only Morocco to a  list of poor nations eligible to share more than $1 billion in  new aid in a decision on Monday that left some advocacy groups  asking why more countries were not included.
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DROWNING IN DEBT: African nations say debt incurred by past generations is keeping them poor and unable to cope with pressing needs, such as the AIDS epidemic.
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A World Health Organisation study of healthcare in Africa says disease can only be tackled by urgent investment.
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Though hardly groundbreaking, spending less and paying off debt sooner is sound advice.