UK's Brown: G7 Will Back Tsunami Nation Debt Freeze
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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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World leaders are meeting in Indonesia to coordinate relief after the Indian Ocean tsunami. Should debt be cancelled? How long will it take the affected countries to rebuild?
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Canada on Thursday put in place a unilateral debt moratorium for nations hit by the Asian tsunami catastrophe with "immediate effect," said Foreign Minister Pierre Pettigrew.
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Britain's visiting Chancellor of the Exchequer Gordon Brown was set to sign a debt relief pact with Tanzania in a bid to jumpstart London's proposal for a "new Marshall plan" to help ease African nations' chronic poverty and help them fund development projects.
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The Group of Seven major industrial nations agreed yesterday to allow tsunami-stricken countries to defer debt payments, a largely symbolic gesture but one that could boost broader debt-relief initiatives for poor nations later this year.
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G-7 approves debt relief, but British 'Marshall Plan' for poor countries faces US skepticism.
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Gordon Brown says Britain's national interest has been protected as EU leaders agree a deal on a new treaty.
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Prime Minister Gordon Brown is backing a fresh diplomatic drive aimed at ending the crisis in Kenya.
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British Chancellor Gordon Brown believes action must be taken to protect economic growth. Photo: AP. The global economic recovery is at risk unless governments tackle growing trade imbalances
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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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George Bush and Gordon Brown are heading for a dramatic showdown at the G7 summit in Washington this week over plans to write off developing countries&#39; debt.
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The Paris Club of creditor nations will agree Wednesday to freeze debt repayments of countries hit by the Asian tsunami, French Finance Minister Herve Gaymard said.
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Campaign groups welcomed a commitment by Britain to write off debts owed by the world's poorest nations to the World Bank ( news - web sites ), a move they said should pressure other Group of Seven rich ...
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Chancellor Gordon Brown has signalled his backing for the Prime Minister over the "difficult times" he faces over Iraq.
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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 Times reports.
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LONDON, Jan 6 (IPS) - World leaders need to cancel debts of poor tsunami-   hit countries rather than just freeze them for now, leading  campaigners  say.
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Chancellor of the Exchequer Gordon Brown unveiled a proposal to its partners in the Group of Eight most industrialised nations for an "immediate moratorium" on debt repayments from countries hit by the tsunami disaster in the Indian Ocean.