UK to write off poor nations' debt
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Chancellor Gordon Brown is to announce the UK will write off its share of debts owed by the world's poorest countries to the World Bank.
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UK Chancellor Gordon Brown urges rich nations to act on poverty, as he offers foreign debt relief to Tanzania.
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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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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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Rich countries are likely to back Britain's bid to channel more debt relief and resources to Africa, which is ready to shake off the shackles of poverty, British finance minister Gordon Brown said.
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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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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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BRITAIN today said it would unilaterally write off its share of debts owed to the World Bank by the world&#39;s poorest countries.
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Major economic powers agreed to write off $31 billion of Iraqi debt on Sunday in a major breakthrough for US-led efforts to get Iraq&#39;s economy back on its feet.
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British Chancellor of the Exchequer Gordon Brown appealed to IMF members to cancel up to 100 percent of the debt owed multilateral lending bodies by poor countries.
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UK Chancellor of the Exchequer Gordon Brown pledged to spend 100 million pounds ($180 million) a year relieving the debts of 30 of the world&#39;s poorest nations, challenging the US to chip in as well.
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Britain announced Sunday it would unilaterally write off its share of debts owed to the World Bank by the world&#39;s poorest countries.
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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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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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Northern Rock's debt will appear on government accounts, the Office for National Statistics decides.
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Britainâs buoyant borrow-and-spend era may be coming to an end, and there are accounts still to be settled.