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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WHITE HOUSE President Bush is pledging to &quot;take on&quot; the nation&#39;s huge deficits -- in hopes of shoring up the sagging US dollar.
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DAVOS, Jan 27 (IPS) - International Monetary Fund managing director  Dominique Strauss-Kahn has proposed a global fiscal stimulus to  prevent economic contagion from the worsening housing and credit  market crisis in the United States.
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Argentine President Nestor Kirchner received confirmation Friday by the International Monetary Fund (IMF) for a postponement of the payment of 1 billion US dollars in foreign debt owed by Argentina.
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The world's seven leading industrialized countries have agreed to support the suspension of debt payments by countries affected by the tsunami disaster, the British treasury announced.
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US President George W. Bush's administration weathered a pre-election mauling as it announced emergency measures to skirt a 7.38-trillion-dollar debt limit.
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Iraq and the United States hailed as &quot;historic&quot; an agreement by a group of creditor nations to write off billions of dollars of debt inherited from the former regime of Saddam Hussein.
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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 Group of Seven industrialized countries broke new ground as they for the first time expressed readiness in a formal statement to provide 100 percent debt relief for the world's poorest nations.
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PARIS - Major economic powers agreed to write off $31 billion of Iraqi debt yesterday in a major breakthrough for US-led efforts to get Iraq&#39;s economy back on its feet.
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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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WASHINGTON Oct. 2, 2004 - The United States and its major economic allies struggled Saturday 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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The United States and its G7 allies have reached agreement on a deal to forgive 80% of Iraq's huge debts without imposing any conditions, a G7 official said on Saturday.
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The head of the International Monetary Fund urged the United States to limit its gaping budget deficit, which he said threatens the world economy.
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Financial leaders from the world's richest nations stood ready to discuss a global policy response to the credit crisis, which has unleashed economic downdrafts and market turbulence that knows no borders.
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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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Global finance chiefs on Saturday made progress on reforms that would give emerging economies a greater say in the International Monetary Fund and expressed confidence they could seal a deal next year.