World debates tsunami debt deal
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The Paris Club of rich lending nations is to discuss a proposed debt freeze for tsunami-affected countries.
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The Paris Club of creditor nations  reached an agreement on Wednesday to freeze debt repayments of  countries hit by the Asian tsunami to help them recover.
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The tsunami that has devastated Southern Asia is being followed by a torrent of another kind -- millions of US citizens&#39; dollars flowing into relief agencies around the globe.
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With health officials warning that the death toll of more than 140,000 from last month's tsunami could jump sharply without a continual supply of aid, world leaders struggled Thursday to figure out the best way to help victims &#151; and to prevent such a catastrophe from happening again.
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The International Monetary Fund is to offer up to $1bn in financial assistance to each nation affected by the Asian tsunami.
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The chancellor presses the G8 to freeze all debts owed by countries hit by the Asian tsunami disaster, the BBC learns.
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Britain, with United States backing,  called on Tuesday for a freeze on foreign debts owed by the  countries hit by the Asian tsunami disaster.
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The Paris Club group of creditors is to examine a debt moratorium for countries hit by the tsunami that devastated southern Asia, a source close to the Club said.
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BANDA ACEH, Indonesia  - Rich creditor nations  threw a lifeline to the millions of survivors of the Asian  tsunami by agreeing on Wednesday to freeze debt repayments  across the affected region.
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Canada announced a debt payment moratorium on Thursday for countries struck by the Indian Ocean tsunami, and said it would speak with other creditor nations about offering relief.
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As the World Bank and International  Monetary Fund assess economic costs to South Asian governments  of the cataclysmic tsunami, the current outpouring of aid could  mean international lenders won't need to step in with new  loans, economists said on Tuesday.
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World leaders met on Thursday to discuss tsunami aid, the task's urgency underlined by a chilling warning that the death toll could double to about 300,000 unless action was taken this week to prevent disease.
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The United Nations said that aid promised from around the world in response to Asia's tsunami disaster was now up to four billion dollars, as Australia, Germany and the IMF pledged yet more cash ahead of a key donors' conference.
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PARIS, Jan 4 (IPS) - French President Jacques Chirac has called for a  moratorium on repayment of foreign debt for countries hit by the  tsunami.
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Countries across the globe were yesterday responding to the massive tsunami catastrophe in south Asia as United Nations officials warned that it would require the world&#39;s biggest ever aid
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Indonesia on Thursday sent out mixed  signals about an interim freeze by Western governments of debts  owed by Indian Ocean countries devastated by last month's  tsunami, and Sri Lanka said it may not go far enough.
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World leaders promise an Indian Ocean tsunami early warning system after being urged to honour cash pledges.