Britain offers debt relief for poor countries, seeks support for the program
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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 British government said it will now give the World Bank 50 million pounds (74 million euros, 99 million dollars) it had frozen in a dispute over conditions linked to aid for developing nations.
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The UK and other nations are to set up a fund to speed the development of new vaccines for poorer countries.
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Britain's finance minister Gordon Brown said that he had enlisted Nelson Mandela to campaign for a "Marshall Plan" for Africa to wipe out billions of dollars in debt and draw billions more in aid.
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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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Britain has announced it is ready to write off a substantial portion of debt owed by the world&#39;s poorest countries. Britain&#39;s Finance Minister, the Chancellor of the Exchequer, Gordon Brown, has told a meeting
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LONDON, Sept. 25 -- Britain plans to spend about $180.2 million more a year on debt relief for some of the world&#39;s poorest countries, the Guardian newspaper reported Saturday.
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LONDON: The world's rich industrialised nations stepped up their efforts yesterday to help Asian countries devastated by the tsunami by offering to freeze billions of dollars in debt repayments.
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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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The government announced on Wednesday that it will provide three million pounds (4.4 million euros, 6.1 million dollars) worth of aid to Niger aimed at tackling the root causes of poverty and malnutrition in the west African nation.
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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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UK chancellor Gordon Brown says the G7 should offer poor countries 100% debt relief by the end of the year.
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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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Global lenders need to offer more grants and debt relief to impoverished countries and tailor their lending toward building up the private sector, US Treasury Secretary John Snow said on Thursday.
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Britain announced Sunday it would unilaterally write off its share of debts owed to the World Bank by the world&#39;s poorest countries.
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The British government is to support a plan to turn the Bank of England's loans to troubled bank Northern Rock into bonds for sale, the BBC reported Saturday.
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One of the biggest reasons that very poor countries can&#39;t provide decent education and health care is that they are stuck in a cycle of debt owed to the International Monetary Fund, the World Bank and regional development banks, much of it dating to the