Debt Relief Plan Eludes IMF Group
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Rich nations failed to agree at meetings this weekend on a plan for canceling the debts the world&#39;s poorest countries owe to the World Bank and International Monetary Fund.
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Britain said on Thursday there were no immediate plans for an emergency meeting of the Group of Eight rich countries on relief aid following the Asian tsunamis.
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Senior finance officials have hailed a robust global economic recovery, albeit one threatened by surging oil prices, but made little headway pushing China toward currency reform and took no firm steps to ease the debt of the world's poorest nations.
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G-7 approves debt relief, but British 'Marshall Plan' for poor countries faces US skepticism.
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Argentine President Nestor Kirchner received confirmation Friday by the International Monetary Fund (IMF) for a postponement of the payment of 1 billion US dollars in foreign debt owed by Argentina.
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WASHINGTON - World finance leaders, struggling to find a way to help the world&#39;s poorest countries get out from under huge debts, did not reach agreement Saturday, but promised to devise a new plan by year&#39;s end.
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Large pension schemes fail to say how they manage the environmental and social impact of investments, a pressure group says.
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Save for the promise of a new plan by the year-end to resolve the long-pending issue of debt relief to poor countries, the International Monetary Fund-World Bank annual meetings have ended without any consensus on critical issues.
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The United States and its major economic allies struggled yesterday to resolve deep differences over how best to relieve the heavy debt burden for Iraq and the world&#39;s poorest countries.
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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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A childrenâs charity says it wasnât told of mortgage debt risks.
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The International Monetary Fund said Friday China remains reluctant to float its currency. In its discussions with Chinese authorities about the country&#39;s economy, the IMF said
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China, which for the first time  joined a meeting of top officials from the Group of Seven  countries this week, has no immediate plans to enter the rich  nations' club, its finance minister said on Saturday.
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Squabbling over voting clout soured  the International Monetary Fund's annual meeting on Sunday as  countries lined up to find fault with a plan crafted to reflect  a shifting balance of power in the world economy.
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LONDON, Feb 2 (IPS) - Bold new proposals for debt relief for the poorest  countries will be put to the test at the G7 finance ministers  summit in London this weekend.
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Squabbling over voting clout soured   the International Monetary Fund's annual meeting on Sunday as   countries lined up to find fault with a plan crafted to reflect   a shifting balance of power in the world economy.
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The price of gold falls after the IMF said it will look at ways of using its gold reserves to provide debt relief for poor nations.