Update 3: Economic Powers Vow Aid for Poor Nations
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Rich nations pledged an agreement soon on forgiving the debt burden weighing on poor nations in Africa, Latin America and Asia but remained divided on reducing billions of dollars of Iraqi debt.
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Nations and businesses pledge aid to areas hit by Sunday's disaster.
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LONDON -- The British government offered a sweeping plan yesterday for the Group of Seven nations to dramatically increase aid to the developing world and to forgive 100 percent of Africa's $70 billion in debt.
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Wealthy countries need to do much more to fight global poverty, the international aid agency Oxfam says.
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The world&#39;s economic powers, which ended three days of meetings Sunday, insisted they are moving closer to a deal on debt relief for Iraq and other poor nations even though an agreement has proved elusive.
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The Group of Eight wealthiest nations pledged 60 billion dollars Friday to fight AIDS and malaria in Africa and uphold an earlier promise to boost development aid.
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British finance minister Gordon Brown pledged over 2.0 billion pounds (2.9 million euros, 3.7 million dollars) to help eradicate poverty in the developing world and give a brighter future for millions of children.
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The world's seven wealthiest nations said Saturday they were willing to take on up to 100 percent of the debt owed by some of the poorest countries. But they failed to agree on a British plan to boost international aid by &#36;50 billion a year.
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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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HEILIGENDAMM, Germany  - World leaders agreed on Friday a $60 billion pledge to fight AIDS and other killer diseases ravaging Africa.
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With Africa lagging behind in global development goals and rich countries cutting aid, leaders of multilateral financial institutions decided on Friday it was time to mobilize resources to reduce extreme poverty on the continent.
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DURBAN, South Africa  - Developing countries have pledged to band together to force the West to help tackle their problems, ranging from poverty to reform of the United Nations.
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WASHINGTON -- Countries large and small mobilized yesterday in the aftermath of the earthquake and tsunamis that spread devastation across South and Southeast Asia, but international officials said the millions of dollars in short-term assistance pledged so far fall way short of the billions needed to address one of the worst natural disasters in memory.
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US Treasury Secretary John Snow repeated on Sunday the Bush administration would support complete debt relief for the poorest countries and said details of how to implement a plan could be worked out.
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BRUSSELS, Jul 20 (IPS) - African governments are worried that funds from the  European Union (EU) to help them increase their countries'  share of world trade could be at the expense of other forms of  development aid.
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Donors on Friday pledged more than 650 million dollars in aid to Burundi as the poverty-stricken country in central Africa attempts to emerge from a long civil war, government officials said.
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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.