Britain Proposes Debt Relief to Nations
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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 will be seeking approval from the United States for its grand plan to help alleviate poverty in Africa when finance ministers from the Group of Seven industrialised nations convene here Friday and ...
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British finance minister Gordon Brown will say on Thursday he has full support from all the G7 industrialized nations to immediately freeze debt repayments from countries afflicted by the Asian tsunami disaster.
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LONDON, Feb 5 (IPS) - In response to a massive civil society campaign   spearheaded by Nelson Mandela to make poverty history, G7  finance  ministers agreed Saturday to examine debt relief for the  poorest  countries on a ''case-by-case''  basis.
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UK Prime Minister Tony Blair&#39;s government may back French and German proposals to halt debt payments from Somalia and Indonesia, two of the countries hit hardest by the weekend&#39;s earthquake
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British finance minister Gordon Brown said on Thursday he would urge the United States to tackle its current account and budget deficits, and warned that the weak dollar was hurting the British and other global economies.
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A US Treasury Department spokesman on Monday gave a positive, though muted, reception to a British proposal to ease the debt of heavily indebted poor countries, which was unveiled over the weekend.
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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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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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The Group of Seven wealthy nations on  Saturday pledged to help rid the world's poorest countries of  their crippling debt, launching a program that fell short of  the immediate action demanded by Africa.
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Gordon Brown will this week be urged to intervene on behalf of Argentina at the International Monetary Fund and write off much of the embattled country&#39;s $100 billion-worth of debts.
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Britain will provide more debt relief for the world&#39;s poorest countries and challenge other rich governments to do the same, Prime Minister Tony Blair&#39;s government said Sunday.
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British finance minister Gordon Brown  said on Thursday he has full support from other major  industrialized nations to freeze debt repayments from countries  afflicted by the Asian tsunami disaster immediately.
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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 of the Exchequer Gordon Brown said no deal has been reached on how to clear the debts of the world&#39;s poorest nations, a debate that has divided the UK and US governments.
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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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Two government ministers have proposed that Britain inaugurate a new national holiday to celebrate the country's history and achievements: Britain Day.