Debt relief boost for poorest countries
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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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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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Many of the world's poorest countries lamented at a U.N. ministerial meeting Monday that some of the least developed nations are experiencing increases in extreme poverty.
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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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UK Chancellor Gordon Brown urges rich nations to act on poverty, as he offers foreign debt relief to Tanzania.
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African nations and citizens to date raise $5m to help the tens of thousands affected by the Indian Ocean tsunami.
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The Bush administration is exploring proposals to significantly expand debt relief to some of the world&#39;s poorest countries, including forgiving all existing debt, Treasury Secretary John Snow said Thursday.
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International momentum was building in support of debt relief for tsunami-hit nations on Wednesday after Japan backed the idea despite Australian concerns a debt freeze might not benefit those most in need.
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Business & money: Â· Traders give thumbs down to $145bn aid packageÂ· Democrats say needs of poor have been ignored
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The countries plan to raise at least $300 million next year to help pay for the treatment of children with AIDS, tuberculosis and malaria.
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Aid from the UK is already helping in countries worst hit by the tsunami.
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In countries where A.T.M.âs are few or nonexistent, cellphones are helping microlenders bring financial services to poor and remote areas.
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Afghanistan has made sufficient steps to improve its economy to qualify for debt relief.
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The UK is to pay off 10 percent of the money owed by the world&#39;s poorest countries to the World Bank and the African Development Bank in an attempt to free them from &quot;the shackles of debt&quot;, British Finance Minister Gordon Brown was to announce today.
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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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Giving money may be the best way to provide immediate relief to the victims of the South Asia tsunami catastrophe, but it's long-term development aid that will provide countries with the greatest stability.
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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.