Paris Club Agrees Tsunami Debt Freeze
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The Paris Club of creditor nations reached an agreement Wednesday to freeze debt repayments of countries hit by the Asian tsunami, the Club's president said.
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The representatives of the member countries of the Paris Club met from November 17 to November 21 and agreed with the representatives of the Republic of Iraq on a comprehensive debt treatment of the public external debt owed to them providing a total
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CREDITOR countries in the Club of Paris, which includes Australia, are to discuss public debt owed by countries hit by the quake disaster in Asia at a meeting planned in Paris for January 12, a source for the creditors said today.
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British finance minister Gordon Brown  will say on Thursday he has full support from all the G7  industrialized nations to immediately freeze debt repayments  from countries afflicted by the Asian tsunami disaster.
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Indonesia Thursday welcomed a German  plan to propose a debt moratorium for the tsunami-hit country  when the Paris Club of sovereign lenders next meets on Jan. 20  and hoped it would free up more funds for reconstruction.
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The deal will reduce Iraq&#39;s debt owed to the 19 Paris Club creditor nations by 80 percent, from a current $38.9 billion to $7.8 billion in 2008.
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Indonesia Thursday welcomed a German plan to propose a debt moratorium for the tsunami-hit country when the Paris Club of sovereign lenders next meets on Jan. 20 and hoped it would free up more funds for reconstruction.
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The Paris Club of creditor nations, except for Russia, agreed on Sunday to relieve Iraq of as much as 80 percent of the debts it owes them.
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PARIS/BERLIN  - The Paris Club of creditor nations  agreed on Sunday to cancel 80 percent of the debt Iraq owes its  members, ending a trans-Atlantic dispute and probably setting  the framework for debt pardons from other creditors.
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PARIS  - French President Jacques Chirac told his government to push for the Paris Club of creditor nations to put a moratorium on debt payments owed by countries hit by tsunamis in southeast Asia.
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Club of sovereign lenders next meets on January 20 and it hopes it will free up more funds for reconstruction. The proposal came amid concerns over ballooning costs of reconstruction from the tsunami that killed over 45,000 people in Indonesia.
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France will donate 45 million euros (61 million dollars) toward disaster relief in the Indian Ocean, in addition to money donated privately by individuals, companies and organizations, Foreign Minister Michel ...
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The Paris Club of creditor nations reached an agreement on Wednesday to freeze debt repayments of countries hit by the Asian tsunami to help them recover.
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The chancellor presses the G8 to freeze all debts owed by countries hit by the Asian tsunami disaster.
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French President Jacques Chirac and Prime Minister Jean-Pierre Raffarin sent Sunday their condolences to Asian tsunami victims.
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Russian President Vladimir Putin has confirmed Russia&#39;s willingness to start the early repayment of debts within the framework of the Paris Club.
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PARIS/BERLIN  - The Paris Club of creditor nations  agreed on Sunday to cancel 80 percent of the debt Iraq owes its  members, ending a transatlantic dispute and probably setting  the framework for debt pardons from other creditors.