Can Africa Get Out Of Debt?
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Loan forgiveness is finally becoming a reality -- and it will help. But more needs to be done to get the continent on the road to growth and make a dent in poverty
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A credit-strapped world turns to the funds of the Middle East and Asia.
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British Treasury chief Gordon Brown on Monday called on wealthy nations and international institutions to write off Africa's debt, saying debts incurred by past generations are keeping the continent poor.
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The International Monetary Fund appears to be unable to agree on a debt relief plan for the world's poorest nations.
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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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The recent goodwill of wealthy  industrialized countries toward Africa could dissipate unless  the continent tackles corruption, rock star and activist Bono  told African finance ministers on Sunday.
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Conflicts have cost Africa $300bn over 15 years, equivalent to aid received in that period, a report says.
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Africa, a continent usually synonymous with hunger, is falling prey to obesity.
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The government has pledged to provide greater debt relief for some of the world&#39;s poorest countries. It was announced on Sunday that the UK will write off its share of World Bank and African Development Bank
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BRITAIN is to write off its share of debts owed by the worldâs poorest countries to the World Bank, Chancellor Gordon Brown will announce tomorrow.
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Proposals to help poor countries work their own way out of debt are being published by a Tory policy group.
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Britainâs buoyant borrow-and-spend era may be coming to an end, and there are accounts still to be settled.
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If a self-proclaimed "homo moronicus" like Tim Beyers can get out of debt, so can you.
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NEW YORK, May 30 (IPS) - Gone are the days when the scowling face of  dictator Mobutu Sese Seko gazed out from the face of Zaire's  paper currency, a denomination that inflation and corruption  eventually made so worthless it was issued in notes of 5 million.
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Lots of debt could mean tough times ahead.
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ADDIS ABABA: British Prime Minister Tony Blair is to say on Thursday that the time for excuses on Africa is over as he chairs a meeting in Ethiopia he hopes will turn the continentâs problems into a global priority.
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American economist Jeffrey Sachs  has a novel way to tackle African poverty: Shower more aid on  the world's poorest continent.