G8 nations 'plan debt relief'
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The world's richest nations are likely to agree to freeze debt repayments for nations devastated by the Indian Ocean tsunami, according to Britain's treasury chief.
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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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The United States, Germany and other G7 nations have agreed to write-off up to 80% of Iraq&#39;s so-called Paris Club debt. The agreement was made on the sidelines of the G20 meeting of rich and developing nations
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Nineteen countries, including Australia, have agreed to cancel 80 per cent of the debt Iraq owes them. The deal secured for the Paris Club of creditor nations ends a trans-Atlantic dispute and probably sets
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The G7 group of industrialised states, led by the UK, is set to back a moratorium on debt repayments from countries hit by the Asian tsunami.
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Indonesia has welcomed a German plan to propose a debt moratorium for the tsunami-hit country when the Paris Club of sovereign lenders next meets on January 20 and it hopes it will free up more funds for ...
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The United States, Germany and other G7 nations agreed on Saturday to write off up to 80 percent of Iraq's &#36;120 billion foreign debt in a move that could pave the way for a wider international accord, officials said.
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Britain plans to spend an extra Â£100 million (NZ$273.74 million) a year on debt relief for some of the world&#39;s poorest countries, the Guardian newspaper reported today.
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UK Finance Minister Gordon Brown outlines  plans to increase aid to developing countries and eliminate their debt.
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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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Russia may allocate up to $10 billion from its stabilization fund to repay foreign debt, Finance Minister Aleksei Kudrin told reporters at a press conference held in the Russian news agency RIA-Novosti on Monday.
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HEILIGENDAMM, Germany  - The Group of Eight industrialized nations have struck a deal to increase their global aid for the fight against HIV/AIDS and tuberculosis to $60 billion, a G8 diplomat said on Friday.
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Creditor nations, with the exception of Russia, reportedly approve a plan to slash Iraq's debts.
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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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The UK chancellor presses the G8 to freeze all debts owed by countries hit by the Asian tsunami.
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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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Britain, which holds the presidency of the G8 bloc of leading industrialized nations, wants to reach agreement by mid-January on reducing the debt of the countries hit by the tsunami in Asia, the Financial ...